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Weekly Roundup: Morgan Stanley Exec Pleads Guilty to FCPA Violations, FDIC Issues Two BSA Actions, and More

The Federal Deposit Insurance Corp. (FDIC) disclosed pair of consent orders Friday for Bank Secrecy Act (BSA) violations. The agency ordered La Grange, TX-based Colorado Valley Bank to ensure that its independent testing account for sanctions controls. More The FDIC also told Omaha State Bank that it must update and enhance its BSA employee training program, among other changes. More The Financial Industry Regulatory Authority (Finra) fined First Kentucky Securities Corporation and its Chief Compliance Officer Frederick Kramer $15,000 for failing to conduct an adequate independent test of its AML program in 2009. Finra said that the independent test then...

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