Tag: civil monetary penalties


OCC and FinCEN Issue $200 Million in Penalties for BSA-AML Violations

March 29, 2022

Via: JD Supra

On March 17, the OCC and FinCEN issued civil monetary penalties against a federal savings bank for “willfully” failing to meet minimum compliance program requirements and shoddy suspicious transaction reporting. The consent orders read like a veritable “how not to” […]