Skip to content

Bancorp Bank pays BSA/AML penalty

Wilmington, DE
Fine Amount: 
Issued by: 

The FDIC issued a consent order to pay a civil money penalty of $7,500,000 to The Bancorp Bank, Wilmington, Delaware, based the FDIC's reasonable belief that the bank violated the Bank Secrecy Act, 31 U.S.C. § 5311 et seq., 12 U.S.C. § 1829b, 12 U.S.C. §§ 1951-1959, and 12 U.S.C. § 1818(s), and its implementing regulations, 31 C.F.R. Chapter X, 12 C.F.R. § 326.8 [monitoring requirements], and 12 C.F.R. Part 353 [filing of suspicious activity reports], from July 2013 through June 2018; and that the bank failed to comply with the requirements of the June 5, 2014, Consent Order, FDIC-13-0479b, in a timely manner.

Penalties View All

Search Penalties