Trio of US banks enter AML/CFT revision consent orders with FDIC

Thread Bank and TN Bank, both of Tennessee, and California Business Bank have signed consent orders with the US Federal Deposit Insurance Corporation (FDIC), all dated in May 2024, published in June, in which they undertake to rework their anti-money laundering and counter terrorist financing controls to meet Bank Secrecy Act (BSA) requirements.

Thread Bank and TN Bank, both of Tennessee, and California Business Bank have signed consent orders with the US Federal Deposit Insurance Corporation (FDIC), all dated in May 2024, published in June [2024], in which they undertake to rework their anti-money laundering and counter terrorist financing controls to meet Bank Secrecy Act (BSA) requirements.