United International Bank

Flushing, NY 2014 Community Banks / Credit Unions
FDIC Civil Money Penalty Removal Prohibition Restitution Order
Penalty
$785,286

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.

Source: FDIC ED&O — FDIC-14-0291e,FDIC-14-0289k,FDIC-14-0319b

Don't let this happen to your organization. See how Crucible works.

See How Crucible Works