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Weekly Roundup: OCC Issues Spate of BSA Orders, FinCEN’s Freis Awarded Treasury Medal, and More
printThe U.S. Treasury Department's Office of the Comptroller of the Currency (OCC) disclosed four consent orders Friday for anti-money laundering (AML) lapses. In a consent order, the agency told Hallandale Beach, FL-based Home Federal Bank of Hollywood to improve its monitoring and reporting of suspicious cash transactions, periodically analyze currency transaction reports and hire a qualified Bank Secrecy Act officer, among other changes. More The OCC also penned agreements with Fort Pierce, FL-based The Oculina Bank, Lake Mary, FL-based Urban Trust Bank and Roebling, NJ-based Roebling Bank for inadequate written policies, internal controls and auditing, among other problems. More, More...
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