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Weekly Roundup: Italy Investigates Vatican Priests, Afghanistan to Audit All Private Banks, and More
printWhile U.S. regulators are pushing national banks to hire regional Bank Secrecy Act (BSA) officers, some smaller banks have yet to hire a single full-time compliance officer, the U.S. Treasury Department said this week. More The U.S. Treasury Department's Office of Thrift Supervision (OTS) slapped Coral Gables, FL-based Gibraltar Bank with a cease-and-desist order for BSA problems, including the failure to hire a full-time anti-money laundering (AML) officer. The thrift regulator also ordered the bank to hire third-party auditors to conduct a look-back of all accounts and customer relationships established since Jan. 1, 2009, according to the order issued Monday....
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