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FDIC Criminal Probe of Failed Banks May Include AML Officers
By Brian Monroe
printA broad criminal probe by the U.S. government targeting employees at some 50 failed banks could also include top compliance officers, according to a Federal Deposit Insurance Corp. official. The investigation by the agency and the FBI, first reported by The Wall Street Journal on Wednesday, focuses on potential fraud and other crimes by senior loan officers and directors of failed financial institutions of all sizes, according to the news agency. The probe could potentially ensnare top anti-money laundering (AML) officials, said Fred Gibson, the FDIC's deputy inspector general, in an interview Wednesday. If agency investigators "received a tip or...
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