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Weekly Roundup: Indiana Bank to Pay $500,000 for BSA Violations, Mizuho Financial CEO Resigns over Yakuza Loans, and More
printEvansville, IN-based Old National Bank will pay the U.S. Treasury Department's Office of the Comptroller of the Currency $500,000 to settle anti-money laundering (AML) violations, the bank said Friday. More The penalty, expected to be formally announced in January, will mark the formal end to a June 2012 consent order criticizing the bank's risk assessments and suspicious activity reporting. More The Federal Deposit Insurance Corp. separately entered into a consent order with Williamson, WV-based Bank of Mingo for deficiencies in its Bank Secrecy Act program. The agency ordered the bank to boost its customer identification program and strengthen employee training...
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