Amid Big Sanctions Cases, AML Actions Fell by a Third in First Half of 2012

By Brian Monroe and Colby Adams

The number of federal anti-money laundering enforcement actions issued in the first half of 2012 fell by 35 percent in comparison to the total levied during the same period last year, data shows. The chief bank regulators-the Federal Deposit Insurance Corp. (FDIC), Federal Reserve and Office of the Comptroller of the Currency (OCC)-as well as the Financial Crimes Enforcement Network (FinCEN) handed down a total of 24 anti-money laundering (AML) orders and penalties from January 2012 through the end of June. That number compares to 37 issued in the first six months of 2011. Bank Secrecy Act-related monetary penalties also...