Tioga-Franklin Savings Bank agrees to thorough review of AML and OFAC compliance

Under a consent order, signed with the US Federal Deposit Insurance Corporation (FDIC), the Board of Philadelphia-based Tioga-Franklin Savings Bank has agreed to ensure that its anti-money laundering and counter terrorist financing (AML/CFT) program and Office of Foreign Assets Control (OFAC) compliance are properly designed and effective.

Under a consent order, signed with the US Federal Deposit Insurance Corporation (FDIC) [1], the Board of Philadelphia-based Tioga-Franklin Savings Bank has agreed to ensure that its anti-money laundering and counter terrorist financing (AML/CFT) program and Office of Foreign Assets Control (OFAC) compliance are properly designed and effective.