Violation Tracker Individual Record
The Financial Crimes Enforcement Network and the Office of the Comptroller of the Currency announced the assessment of concurrent civil money penalties, each $10 million, against Union Bank of California, N.A. of San Francisco, California, for violations of the Bank Secrecy Act. Union Bank, without admitting or denying the allegations, consented to payment of the civil money penalties, which were to be satisfied by a single payment of $10 million to the U.S. Department of the Treasury. Union Bank also consented to issuance of a Cease and Desist Order by the OCC.