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Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.

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OCC enforcement actions announced

The OCC has released a list of new enforcement actions taken against OCC-supervised institutions and individuals currently and formerly affiliated with such institutions. The actions are dated in March and April. A previously announced fair-housing action against Citibank, N.A. (see our 03/19/2019 Top Story) was included. Also on the list were Removal/Prohibition orders a former teller at U.S. Bank, N.A. (Cincinnati, OH), who was found to have misappropriated funds to her own use from a bank customer's account in 2016, and former business associate at Wells Fargo Bank, N.A. (Sioux Falls, SD), found to have misappropriated over $23,000 from the bank in 2013-2014, and to have created false entries to the bank's general ledger accounts to conceal her actions.

The OCC also issued a Notice of Charges against the former General Counsel of Rabobank, N.A. (Roseville, CA), in preparation for a hearing before an Administrative Law Judge, of charges that could result in an order of prohibition and a $50,000 civil money penalty for having participated in providing false information to the OCC concerning the bank's BSA/AML program by attempting to conceal an independent evaluation of the bank's BSA/AML program that had corroborated OCC concerns for the program's adequacy. The OCC assessed a $50 million CMP on the bank in February 2018 relating to the bank's BSA/AML deficiencies.

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