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Weekly Roundup: FDIC Fines Metro Bank $1.5 Million for AML Failures, Ireland and U.S. Sign FATCA Agreement, and More
printThe Federal Deposit Insurance Corporation (FDIC) fined Lemoyne, PA-based Metro Bank $1.5 million on Friday for Bank Secrecy Act (BSA) violations. More The penalty, which was disclosed by the bank in September in regulatory filings, is the result of violations found in exams conducted in 2009 and 2010. More The FDIC also issued three consent orders on Friday for anti-money laundering (AML) failures. More Northern Star Bank, of Mankato, MN, was ordered to stop providing automated clearing house payment processing to third-party clients until adequate risk mitigation policies and procedures have been implemented. More First State Bank of Miami, Texas...
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