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MUFG Bank Enters Consent Order With OCC Over AML Compliance

PYMNTS

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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What Does Return Mobile ACH Payment Mean?

Payment Savvy

Yes, you can dispute returned ACH payment if: It was a duplicate It was misrouted It had incorrect information It did not occur within the designated timeframe It was caused by an accidental credit to the receiver that resulted from the reversal How much is an ACH return fee? types incorrectly, out of sequence, etc.)

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