CBW Bank: CBW Says FDIC's $20 Million AML Fine 'Unreasonable'

CBW Bank, with roughly $90 million in assets, filed a suit against the Federal Deposit Insurance Corp. (FDIC) contending that $20.4 million in penalties assessed against the bank for alleged failures over anti-money laundering (AML) efforts and deficiencies are both "unprecedented" and "unreasonable." The suit against the FDIC also states that the government agency's structure [...] The post CBW Says FDIC's $20 Million AML Fine 'Unreasonable' appeared first on PYMNTS.com.