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Axiom Bank ordered to revamp its compliance with BSA/AML rules

OCC offices

Julie DiMauro

2 min read
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OCC cites lack of processes designed to detect suspicious activity.

Florida-based Axiom Bank has been ordered to revamp its compliance program to more effectively comply with Bank Secrecy Act (BSA) and anti-money-laundering (AML) rule. The Office of the Comptroller of the Currency (OCC) cited the community bank for lacking controls and for its suspicious activity reporting practices.

The succinct order

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