Monthly Archives: July 2019

Former U.S. Bank Risk Officer Fined $450K for AML Compliance Failures

On July 22, the federal financial institution regulatory agencies: Office of the Comptroller of Currency (OCC), National Credit Union Asministration (NCUA), Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board of Governors, in conjunction with the Financial Crimes Enforcement Network (FinCEN), issued a Joint Statement on Risk-Focused Bank Secrecy Act/Anti-Money Laundering Supervision. The Joint [...]

July 25th, 2019|