Mizrahi Tefahot Bank was fined $300,000 by the Federal Deposit Insurance Corp. for failing to monitor, analyze and report suspicious activity from at least 2007 through 2009, the agency said. The Los Angeles-based bank also failed to comply with an Aug. 27, 2008 Consent Order issued by the regulator and the California Department of Financial Institutions, the FDIC said in an enforcement action dated Jan. 31 that was released Friday. The bank was ordered to split the fine payment between the federal and state regulators. Under the term of the 2008 order, the bank was supposed to correct its suspicious...
The Federal Deposit Insurance Corp. fined a Pennsylvania bank $1.5 million for anti-money laundering violations related to 2009 and 2010 exam findings, the institution disclosed in a regulatory filing Tuesday.
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