'Customers Bancorp Must Improve Its Risk Management Practices For Its Digital Asset Strategy Under A Written Agreement With The Federal Reserve; The Fed Said In The Aug. 5 Enforcement Action That It Discovered Issues As Part Of A Regular Examination. The Company Must Submit A Written Plan For Improving Its BSA And AML Compliance; Requires Customers To Craft Policies, Procedures, And Controls To Ensure That Its Bank Collects, Analyzes And Retains Complete And Accurate Information For All Customers'
Author: Benzinga Newsdesk | August 08, 2024 11:28am
- The Bank Slate
https://www.thebankslate.com/2024/08/customers-in-pa-must-improve-digital-assets-oversight-under-fed-agreement/
Posted In: CUBI SPY