Weekly Roundup: OTS Fines Bank Official $15,000 for BSA Violations, Well-Known Boston Lawyer Indicted on Money Laundering Charges, and More

In the same week that the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) tied-three months into the year-the total number of civil money penalties it levied for all of 2010, the Office of Thrift Supervision (OTS) fined another individual for anti-money laundering (AML) violations. More On Friday, the OTS said it had fined Pamellia J. Wilson, a senior vice president at Rockville, MD-based Colombo Bank, for failing to file 69 currency transaction reports. In addition to the $15,000 fine, the OTS prohibited her from working as an officer or director at an insured depository institution. The penalty shortly follows...