HALISTER1: BBVA Compass Violated U.S. Sanctions Rules, Treasury Says

BBVA Compass Violated U.S. Sanctions Rules, Treasury Says

(Bloomberg) -- From June 12, 2013, to June 3, 2014, Compass maintained accounts for individuals involved in money-laundering and designated as blocked from U.S. financial system, Treasury says.
  • “Compass caused potential harm to a U.S. economic sanctions
program due to a misconfiguration of its sanctions screening filter,” Treasury says
  • “Compass took remedial action in response to the apparent violations and corrected a misconfiguration in its sanctions screening software”
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283