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Weekly Roundup: Rabobank Discloses Probe Linked to California Branch, OCC Dings Capital One for AML Failures, and More
printRabobank Groep is cooperating with a U.S. Justice Department money-laundering probe centered on a California branch near the Mexican border, Bloomberg reported. The bank, which was ordered by the Federal Reserve this summer to improve its AML controls, may have missed compliance red flags. More The U.S. Office of the Comptroller of the Currency disclosed a consent order requiring Capital One, N.A. to adopt a company-wide anti-money laundering (AML) risk assessment and conduct a look-back to determine if it missed filing suspicious activity reports. More A whistleblower provided American officials with evidence that led to the reopening of a probe...
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