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OCC Hits Kansas Bank With Consent Order
printThe U.S. Treasury Department ordered a Kansas bank to improve its anti-money laundering controls and better monitor for risks associated with automated clearing house transactions, the department said. The Office of the Comptroller of the Currency (OCC) issued the August 8 order, made public Monday, against one of First National Bank's Overland Park, Kan.-based branches for failing to have policies in place that would adequately vet whether a new customer poses a risk for money laundering. The bank is owned by Omaha, Neb.-based First National Bank of Nebraska. As part of the agreement, the bank must create internal lists identifying...
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