Two US banks ordered to overhaul AML/CFT by FDIC

Sutton Bank, Ohio and Piermont Bank, New York have agreed to consent orders by the US Federal Deposit Insurance Corporation (FDIC) detailing unsafe or unsound banking practices, including in management of money laundering and terrorist financing risks.

Sutton Bank, Ohio and Piermont Bank, New York have agreed to consent orders by the US Federal Deposit Insurance Corporation (FDIC) detailing unsafe or unsound banking practices, including in management of money laundering and terrorist financing risks.