Money Laundering Bulletin
Apple Bank pays US$12.5m to FDIC over US Bank Secrecy Act violations
Apple Bank for Savings of New York has paid US$12.5 million to settle claims by the Federal Deposit Insurance Corporation
(FDIC) that it breached the Bank Secrecy Act (BSA) between April 2014 and September 2018. [1] The consent order was dated
21 December 2020 but publishedon 29 January 2021.