Tag: FinCEN


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” […]


Citi hires FinCEN chief to lead compliance in bank’s new unit

April 5, 2021

Via: Banking Dive

Citi’s hiring of Blanco comes as the bank is retooling its risk management, data governance and internal controls in light of a $400 million fine the Office of the Comptroller of the Currency (OCC) levied against it in October. The […]