New York’s Apple Bank For Savings Slapped With $12.5 Million AML Fine
PYMNTS
FEBRUARY 1, 2021
Apple Bank for Savings was accused of failing to comply with the Bank Secrecy Act, according to the Federal Deposit Insurance Corporation (FDIC) per WSJ. The bank was recently fined in a separate charge that it failed to comply with a 2015 request by the FDIC to improve its AML compliance.
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