Tag Archives: BSA

FDIC Fined Alma $1.25mn BSA

On Apr. 4, FDIC fined Alma Bank for Bank Secrecy Act violations. Advised Alma Bank of right to receive assessment notice for civil money penalty. Alma waived right to hearing, entered into stipulation, consented to order to pay. Alleged Violation FDIC determined has reason to believe Alma violated the Bank Secrecy Act, and implementing regulations,…
Read more