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Midweek Roundup: Investors Continue to Fund Controversial Digital Currency, Regulators Fine Two Institutions for AML, and More
printChicago-based Bagumbayan Credit Union entered into a cease-and-desist order with the National Credit Union Administration (NCUA) on Tuesday for Bank Secrecy Act deficiencies. The NCUA ordered the financial institution to revise its money remittance program. More Separately, the Federal Deposit Insurance Corp. disclosed a consent order with Varna, IL-based Marshall County State Bank on Monday. The bank must strengthen its suspicious activity reporting and employee training. More The Financial Transactions and Reports Analysis Centre of Canada fined seven financial institutions in the past 10 months for various anti-money laundering violations, the agency said. The regulator fined the companies between CAD...
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