Merchants Bank Fined by OCC and FinCEN for Widespread BSA/AML Program Failures
On February 27, 2017, the Office of the Comptroller of the Currency (OCC) issued a Consent Order to Merchants Bank of California, N.A. This Order included an Order for a Civil Money Penalty of $1 million. This Consent Order is the third from the OCC to Merchants Bank since 2010. In 2010, 2014, and now, [...]