share$447,125
Oriental Bank pays $447,125 for flood insurance violations
Issued by FDIC
Part 1010 - General Provisions
Reg Letter:
1010
Issuing Agency:
Reg info:
31 CFR Part 1010 (Chapter X)12 U.S.C. 1829b and 1951-1959; 31 U.S.C. 5311-5314, 5316-5336; title III, sec. 314 Pub. L. 107-56, 115 Stat. 307; sec. 701 Pub. L. 114-74, 129 Stat. 599; sec. 6403, Pub. L. 116-283, 134 Stat. 3388.
Updated with amendments adding § 1010.663 published at 89 FR 55051 on 7/3/2024, effective 8/2/2024.
- Subpart A -- General Definitions
- Sec. 1010.100 General definitions*
- Subpart B -- Programs
- Sec. 1010.200 General.
- Sec. 1010.205 Exempted anti-money laundering programs for certain financial institutions.
- Sec. 1010.210 Anti-money laundering programs.
- Sec. 1010.220 Customer identification program requirements.
- Sec. 1010.230 Beneficial ownership requirements for legal entity customers.
- Subpart C--Reports Required To Be Made
- Sec. 1010.300 General.
- Sec. 1010.301 Determination by the Secretary.
- Sec. 1010.305 [Reserved]
- Sec. 1010.306 Filing of reports
- Sec. 1010.310 Reports of transactions in currency.
- Sec. 1010.311 Filing obligations for reports of transactions in currency.
- Sec. 1010.312 Identification required.
- Sec. 1010.313 Aggregation.
- Sec. 1010.314 Structured transactions.
- Sec. 1010.315 Exemptions for non-bank financial institutions.
- Sec. 1010.320 Reports of suspicious transactions.
- Sec. 1010.330 Reports relating to currency in excess of $10,000 received in a trade or business.
- Sec. 1010.331 Reports relating to currency in excess of $10,000 received as bail by court clerks.
- Sec. 1010.340 Reports of transportation of currency or monetary instruments.
- Sec. 1010.350 Reports of foreign financial accounts.
- Sec. 1010.360 Reports of transactions with foreign financial agencies.
- Sec. 1010.370 Reports of certain domestic coin and currency transactions.
- Sec. 1010.380 Reports of beneficial ownership information
- Subpart D--Records Required To Be Maintained
- Sec. 1010.400 General
- Sec. 1010.401 Determination by the Secretary.
- Sec. 1010.405 [Reserved]
- Sec. 1010.410 Records to be made and retained by financial institutions.
- Sec. 1010.415 Purchases of bank checks and drafts, cashier's checks, money orders and traveler's checks
- Sec. 1010.420 Records to be made and retained by persons having financial interests in foreign financial accounts.
- Sec. 1010.430 Nature of records and retention period.
- Sec. 1010.440 Person outside the United States.
- Subpart E--Special Information Sharing Procedures To Deter Money Laundering and Terrorist Activity
- Sec. 1010.500 General.
- Sec. 1010.505 Definitions.
- Sec. 1010.520 Information sharing between government agencies and financial institutions.
- Sec. 1010.530 [Reserved]
- Sec. 1010.540 Voluntary information sharing among financial institutions.
- Subpart F--Special Standards of Diligence; Prohibitions; and Special Measures
- Sec. 1010.600 General.
- Special Due Diligence for Correspondent Accounts and Private Banking Accounts
- Sec. 1010.605 Definitions.
- Sec. 1010.610 Due diligence programs for correspondent accounts for foreign financial institutions.
- Sec. 1010.620 Due diligence programs for private banking accounts.
- Sec.1010.630 Prohibition on correspondent accounts for foreign shell banks; records concerning owners of foreign banks and agents for service of legal process.
- Sec.1010.640 [Reserved]
- Special Measures Under Section 311 of the USA Patriot Act and Law Enforcement Access to Foreign Bank Records
- Sec. 1010.651 Special measures against Burma.
- Sec. 1010.653 Special measures against Commercial Bank of Syria.
- Sec. 1010.655 [Removed].
- Sec. 1010.658 Special measures against FBME Bank, Ltd.
- Sec. 1010.659 Special Measures against North Korea
- Sec. 1010.660 Special measures against Bank of Dandong
- Sec. 1010.661 Special measures against Iran
- Sec. 1010.663 Special measures regarding Al-Huda Bank
- Sec. 1010.670 Summons or subpoena of foreign bank records; Termination of correspondent relationship.
- Subpart G--Administrative Rulings
- Sec. 1010.710 Scope.
- Sec. 1010.711 Submitting requests.
- Sec. 1010.712 Nonconforming requests.
- Sec. 1010.713 Oral communications.
- Sec. 1010.714 Withdrawing requests.
- Sec. 1010.715 Issuing rulings.
- Sec. 1010.717 Disclosing information.
- Subpart H -- Enforcement; Penalties; and Forfeiture
- Sec. 1010.810 Enforcement.*
- Sec. 1010.820 Civil penalty.*
- Sec. 1010.821 Penalty adjustment and table.
- Sec. 1010.830 Forfeiture of currency or monetary instruments.
- Sec. 1010.840 Criminal penalty.
- Sec. 1010.850 Enforcement authority with respect to transportation of currency or monetary instruments.
- Subpart I--Summons
- Sec. 1010.911 General.
- Sec. 1010.912 Persons who may issue summons.
- Sec. 1010.913 Contents of summons.
- Sec. 1010.914 Service of summons.
- Sec. 1010.915 Examination of witnesses and records.
- Sec. 1010.916 Enforcement of summons.
- Sec. 1010.917 Payment of expenses.
- Subpart J--Miscellaneous
- Sec. 1010.920 Access to records.
- Sec. 1010.930 Rewards for informants.
- Sec. 1010.940 Photographic or other reproductions of Government obligations.
- Sec. 1010.950 Availability of information.
- Sec. 1010.960 Disclosure.
- Sec. 1010.970 Exceptions, exemptions, and reports.
- Sec. 1010.980 Dollars as including foreign currency.
First published on:
03/06/2015
Last updated on
11/22/2021Banker Tools View All
A collection of useful resources for various areas of the bank which have been developed by members of the BankersOnline staff or have been created and contributed by users of the BankersOnline site.
Banker ToolsPenalties View All
$1,500
Spring Valley Bank pays $1,500 for flood insurance rules violations
Issued by FDIC
$13,000
CNB Bank pays $13,000 for flood insurance rules violations
Issued by FDIC
$80,500
Guaranty Bank and Trust pays $80,500 flood insurance penalty
Issued by FDIC
$2,000
Collins State Bank pays $2,000 for flood insurance violations
Issued by FDIC
$31,000
Opportunity Bank of Montana pays $31,000 for flood insurance violations
Issued by FRB
$70,000
First Interstate Bank pays $70,000 flood insurance penalty
Issued by FRB
$4,800
North Shore Bank of Commerce pays $4,800 for flood insurance violations
Issued by FRB
$9,600
Select Bank pays $9,600 for flood insurance violations
Issued by FRB
$2,945,500
Regions Bank pays $2.95M for flood insurance violations
Issued by FRB
$2,614,456
PNC Bank, NA, pays $2.6M for flood insurance violations
Issued by OCC
$3,620,000
Michigan bank pays $3.6 million for flood insurance penalties
Issued by OCC
$40,500
Washington Federal pays flood penalty
Issued by OCC
$193,105.50
The Federal Savings Bank pays $193K flood penalty
Issued by OCC
$382,500
USAA FSB pays $382,500 flood insurance penalty
Issued by OCC
$3 BILLION
TD Bank to pay $3 billion and restrict growth for BSA/AML deficiencies
$100,000
Former credit union BSA officer fined $100K for multiple BSA violations
Issued by FinCEN
$25 million
Shinhan Bank America fined $25M by FDIC, FinCEN, and NYSDFS
Issued by FDIC, FinCEN, State Agency
$15 million
Puerto Rican IBE pays $15M for willful BSA violations
Issued by FinCEN
$1,500,000
Kingdom Trust Company pays $1.5M BSA penalty
Issued by FinCEN
$600,000
Bank of Morton ordered to pay $600,000 for BSA violations
Issued by FDIC
$25 million
Shinhan Bank America fined $25M by FDIC, FinCEN, and NYSDFS
Issued by FDIC, FinCEN, State Agency
$7,500,000
Bancorp Bank pays BSA/AML penalty
Issued by FDIC
$225,000
California Pacific Bank to pay BSA/AML penalty
Issued by FDIC
$1,250,000
Alma Bank - BSA/AML penalty
Issued by FDIC
$3 BILLION
TD Bank to pay $3 billion and restrict growth for BSA/AML deficiencies
$29,478,676
Metropolitan Commercial Bank fined $29.5M for CIP and vendor risk deficiencies
Issued by FRB, State Agency
$55.4 million
National Bank of Pakistan pays $55.4M for AML violations
Issued by FRB, State Agency
$15 million
U.S. Bancorp pays $15M for BSA/AML failures
Issued by FRB
$29 million
Mega International Commercial Bank pays $29M BSA penalty
Issued by FRB, State Agency
$3 BILLION
TD Bank to pay $3 billion and restrict growth for BSA/AML deficiencies
$6,000,000
Sterling Bank and Trust FSB pays $6 million for failings
Issued by OCC
$9 million
CommunityBank of Texas fined for BSA/AML violations
$2,500,000
Washington Federal Bank pays $2.5M BSA/AML penalty
Issued by OCC
$39,000
NJ bank director and BSA officer pay for BSA violations
Issued by OCC
$38 million
Interactive Brokers LLC paying $38M for BSA/AML failures
$12,500,000
Bank of China NY Branch gets BSA fine
$1,300,000
Aegis Capital assessed $1.3 million for SAR filing failures
$16.5 million
FINRA fines Credit Suisse Securities $16.5M for AML faults
Issued by FINRA
$300,000
Albert Fried & Company pays for SAR failures
Issued by SEC
$20M plus $7.76M redress
CFPB orders TD Bank, N.A. to pay $27.76 million for credit reporting violations
Issued by CFPB
$7,452,501
State Street settles for $7.5M penalty with OFAC
Issued by OFAC
$6,097.72
Utah bank fined for failure to pay FDIC assessment
Issued by FDIC
$250,000,000
OCC fines JPMorgan Chase Bank, N.A. for inadequate monitoring
Issued by OCC
$98,167,980
Fed fines JPMorgan Chase & Co. $98.2M for inadequate monitoring
Issued by FRB