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10/12/2004 – FinCEN related to Amsouth “Amsouth did not meet its legal obligations to assess the Bank’s risk or vulnerabilities to money laundering and terrorist financing and to tailor it’s policies, procedures, and controls according. With the exception of its private banking line of business, Amsouth failed to conduct a risk assessment of its customer base to identify categories of high-risk customers, products and geographic locations.”
06/30/2006 – FinCEN related to Isreal Discount Bank of New York – Isreal Discount Bank’s policies and procedures failed to ensure that the Bank gathered and reviewed sufficient information on customers, on a risk graded basis, to adequately assess risk and potential for money laundering.”
12/09/2005 - FinCEN related to ABN Amro “The New York Branch of ABN Amro failed to implement a system of internal controls reasonably designed to manage the risk of money laundering and assure compliance with the Ban k Secrecy Act.”
08/17/2005 – FinCEN related to Arab Bank “Arab Bank – New York failed to implement an adequate system of internal controls to comply with the Bank Secrecy Act and manage the risks of money laundering and terrorist financing involving funds transfers for originators and beneficiaries without accounts at Arab Bank”.
10/12/2005 – FinCEN related to Banco de Chile – “The Cease and Desist Order addresses significant deficiencies in Banco de Chile-Miami’s anti-money laundering program, focusing on its policies and procedures for customer due diligience, identification and reporting of suspicious activity, and risk management associated with customer accounts and transactions, as these related to “covered Persons”.
09/30/2005 – FinCEN related to BankAtlantic – BankAtlantic failed to implement a system of internal controls reasonably designed to comply with the Bank Secrecy Act and manage the risk of money laundering.”
12/27/2006 – FinCEN related to Beach Bank – The Bank did not implement appropriate systems and controls to manage the risk of money laundering or to ensure compliance with the Bank Secrecy Act with respect to accounts of money services businesses.”
07/05/2005 – FinCEN related to Gulf Bank “Gulf lacked basic information on many of its riskiest accounts and failed to implement minimum measures to identify and manage risk of money laundering and non-compliance with the Bank Secrecy Act”. |
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