💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

BB&T reports end of anti-money laundering-related consent order

Published 06/29/2018, 04:26 PM
© Reuters.  BB&T reports end of anti-money laundering-related consent order
TFC
-
  • BB&T (NYSE:BBT) says the Federal Deposit Insurance Corporation and the North Carolina Office of the Commissioner of Banks terminate their joint consent order regarding the bank's anti-money laundering controls.
  • No money laundering activity was identified and not financial penalty was levied, the bank says.
  • The NCCOB has exited a similar order jointly issued with the Federal Reserve System's board of governors. BB&T says it continues to work with the Federal Reserve to resolve its continuing order.
  • BB&T says it's made substantial enhancements to its AML compliance program since early 2016.
  • Source: Press Release
  • Previously: Banks report dividend boost, buybacks on no objection to its capital plan (June 28)
  • Now read: The Future Of Banking: How Industry Changes Will Disrupt The Banking Norms


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.