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The Federal Deposit Insurance Corp. agreed Wednesday to negotiate a settlement with a single-branch bank in Kansas that allegedly handled hundreds of millions of dollars of bulk cash from Mexico and processed billions more in wires for foreign financial institutions, or FFIs. In November 2024, the FDIC claimed in a 22-page notice that from December 2018 to August 2020, CBW Bank ran a "multi-billion-dollar international money transfer business" that provided correspondent services to dozens of FFIs and thousands of clients across the world, all while maintaining a subpar anti-money laundering program and failing to report suspicious payments. Those same AML...