FDIC Imposes $20.4M Penalty on Kansas Bank for AML Failures

4 days ago · The action, originally brought in November, imposed a $20.4 million civil money penalty against the bank and alleged violations of the Bank Secrecy Act (BSA), 31 U.S.C. § 5311 et seq., for its ...

$20
OFF

FDIC Imposes $20.4M Penalty On Kansas Bank For AML Failures

2 weeks from now

natlawreview.com

$20
OFF

Kansas Bank Challenges $20M FDIC Penalty | Banking Dive

2 weeks from now

Jan 2, 2025 · Weir, Kansas-based CBW Bank is contesting charges and a $20.4 million penalty imposed by the Federal Deposit Insurance Corp. stemming from alleged anti-money …

bankingdive.com

$20
OFF

FDIC Enforcement Spotlights Deficiencies In Kansas Bank’s Anti …

2 weeks from now

1 day ago · The action, originally brought in November, imposed a $20.4 million civil money penalty against the bank and alleged violations of the Bank Secrecy Act (BSA), 31 U.S.C. § …

jdsupra.com

$20
OFF

FDIC Seeks Significant Fine From Small Kansas Bank

2 weeks from now

Dec 26, 2024 · In a court filing last Friday, the FDIC acknowledged publicly for the first time that it is seeking an approximately $20.4 million civil money penalty from Weir, Kansas-based CBW …

substack.com

$20
OFF

FDIC Enforcement Spotlights Deficiencies In Kansas Bank’s

2 weeks from now

5 days ago · The action, originally brought in November, imposed a $20.4 million civil money penalty against the bank and alleged violations of the Bank Secrecy Act (BSA), 31 U.S.C. § …

lexology.com

$20
OFF

CBW Says FDIC’s $20 Million AML Fine ‘Unreasonable’

2 weeks from now

6 days ago · In an action disclosed by the FDIC at the end of December and issued to the Kansas bank on Nov. 19, the FDIC charged that CBW “failed to maintain an adequate anti-money …

pymnts.com

$20
OFF

CBW Bank To Contest $20 Million FDIC Fine For AML Lapses

2 weeks from now

Dec 27, 2024 · The FDIC has hit CBW Bank, a $90 million-assets institution in Weir, Kansas, with a $20,448,000 civil money penalty and an order of charges for inadequately monitoring …

americanbanker.com

$20
OFF

FDIC Imposes A $20.4m Civil Money Penalty On Kansas-based CBW …

2 weeks from now

The FDIC asserts that between December 2018 and August 2020, the Bank’s AML/CFT compliance program failed to address risks associated with its high-volume international …

amlpforum.com

$20
OFF

Kansas Bank Challenges $20M FDIC Penalty - NewsBreak

2 weeks from now

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Weir, Kansas-

newsbreak.com

$20
OFF

CBW Bank Challenges $20 Million FDIC Penalty For Alleged AML …

2 weeks from now

CBW Bank, a small community lender based in Kansas with assets totaling $90 million, is contesting a $20.4 million civil penalty imposed by the Federal Deposit Insurance Corporation …

flexi-news.com

$5250
OFF

FDIC Releases October Enforcement Actions | Bankers Online

2 weeks from now

Dec 2, 2024 · The FDIC has released a list of enforcement orders issued in October 2024. The Stockgrowers State Bank, Maple Hill, Kansas, was assessed a $5,250 civil money penalty …

bankersonline.com

$20
OFF

FDIC | AMLP Forum

2 weeks from now

Dec 27, 2024 · FDIC imposes a $20.4m civil money penalty on Kansas-based CBW Bank for failing to implement an adequate AML/CFT programme. by AdrianaAMLP | Dec 27, 2024. The …

amlpforum.com

$20
OFF

CBW Fights FDIC's $20.5 Million Penalty That Could "Imperil" Its …

2 weeks from now

Jan 5, 2025 · The FDIC made its last public release of enforcement actions for the year on Friday, December 29th.. The thirteen enforcement decisions and orders include a notice of …

substack.com