Rabobank Ups Anti-Money Laundering Efforts After OCC Exam

Law360, Washington (January 17, 2014, 8:19 PM EST) -- Rabobank NA has agreed to put in place new compliance programs after an Office of the Comptroller of the Currency examination found deficiencies with its Bank Secrecy Act anti-money laundering compliance efforts, the regulator revealed Friday.

According to a consent order dated Dec. 5 and made public Friday, an OCC examination of the bank had revealed issues with its programs for compliance with the Bank Secrecy Act, a statute requiring banks to assist regulators to detect and prevent money laundering. The agreement, which does not involve...
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