MUFG Bank Enters Consent Order With OCC Over AML Compliance
PYMNTS
FEBRUARY 22, 2019
The office recently examined the branches for BSA/AML and Office of Foreign Assets Control (OFAC) sanctions compliance. The consent order doesn’t specifically identify any illegal transactions or OFAC violations, and it doesn’t come with any monetary penalty. MUFG Bank said the OCC recognized improvements the bank made to its U.S.
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