Skip to content

Bank of China NY Branch gets BSA fine

New York, NY
Fine Amount: 

The OCC has issued a consent order for a $12.5 million civil money penalty to Bank of China, New York Branch, a federal branch of Bank of Chna Limited, Beijing, for deficiencies in the Branch’s Bank Secrecy Act/anti-money laundering (“BSA/AML”) compliance program, that resulted in violations of 12 C.F.R. § 21.21 (BSA/AML compliance program), and 12 C.F.R. § 21.11 (suspicious activity report filings), and deficiencies in the Branch’s compliance with the requirements of the Office of Foreign Asset Control (“OFAC”).

Penalties View All

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Penalties