United International Bank
Outcome
Order of Prohibition From Further Participation, Order to Pay a Civil Money Penalty and Order for Restitution
Details
United International Bank — FDIC Enforcement (2014)
Outcome: Order of Prohibition From Further Participation, Order to Pay a Civil Money Penalty and Order for Restitution
Docket: FDIC-14-0291e,FDIC-14-0289k,FDIC-14-0319b | Issued: 2014-12-17
How Crucible Prevents This
Crucible's banking compliance controls enforce regulatory requirements and flag violations before they escalate to civil money penalties. Crucible's personnel compliance controls enforce background check requirements and monitor for prohibited activities by institution-affiliated parties. The restitution component demonstrates direct consumer harm that proactive compliance monitoring would have prevented.
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