FDIC - Federal Deposit Insurance Corporation

FDIC Fines Apple Bank $12.5M Over AML Compliance. New York's Apple Bank for Savings has agreed to pay the Federal Deposit Insurance Corp. a $12.5 million civil penalty for allegedly violating the federal Bank Secrecy Act and failing to fully institute a promised anti-money laundering compliance program.


Published on Jan. 29th, 2021 Published on Jan. 29th, 2021
Scenario: Conduct / Breach of AML, Terrorism Financing or Sanctions Regulations

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