BB&T Sanctioned by Fed Over Anti-Money Laundering Deficiencies
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- The Federal Reserve ordered bank to submit plan within 60 days to improve compliance with Bank Secrecy Act.
Alert: HALISTER1- Federal Reserve Bank of Richmond “identified significant deficiencies” in BB&T’s anti-money laundering controls in recent inspection, according to order released Friday
- Enforcement action requires Winston-Salem, N.C.-based bank to strengthen board of directors oversight of compliance
Source: BFW (Bloomberg First Word)
Topics
TARP Recipients
To de-activate this alert, click here
UUID: 7947283