Two US community banks take FDIC consent orders to rectify BSA compliance

River Bank & Trust, Alabama and Exchange Bank, Oklahoma have agreed to overhaul their Bank Secrecy Act (BSA)/Anti-Money Laundering compliance frameworks after inspection by the US Federal Deposit Insurance Corporation (FDIC).

River Bank & Trust, Alabama and Exchange Bank, Oklahoma have agreed to overhaul their Bank Secrecy Act (BSA)/Anti-Money Laundering compliance frameworks after inspection by the US Federal Deposit Insurance Corporation (FDIC). [1]