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Weekly Roundup: The FDIC Dings Three for AML Violations, Treasury Sanctions Japanese Crime Organization, And More
printThe Federal Deposit Insurance Corporation (FDIC) issued enforcement actions against two banks for anti-money laundering (AML) violations on Friday. Century City, CA-based Banamex USA was ordered to conduct an independent test of its Office of Foreign Assets Control program to ensure ongoing compliance and ensure all employees had Bank Secrecy Act (BSA) training, according to an 18-page consent order. More The FDIC warned Colonial Co-operative Bank, of Gardner, Massachusetts, that it must ensure that management has an adequate understanding of BSA compliance. More On Wednesday, Harrisburg-based Metro Bank disclosed in an 8-K filing that the FDIC will levy a $1.5...
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