US Banking Regulator FDIC Hits Bank With $20,448,000 Penalty – About a Quarter of the Lender’s Total Assets

The Federal Deposit Insurance Corporation (FDIC) is penalizing a Weir, Kansas-based bank with a monetary fine equal to over a quarter of the lender’s total assets. The US banking regulator says it has determined that CBW Bank failed to maintain an “adequate Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) compliance program” and is consequently imposing […] The post US... source: https://dailyhodl.com/2025/01/18/us-banking-regulator-fdic-hits-bank-with-20448000-penalty-about-a-quarter-of-the-lenders-total-assets/