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CommerceWest Bank Admits Bank Secrecy Act Violation and Reaches $4.9 Million

CA 2015 Community Banks / Credit Unions
DOJ Fraud
Penalty
$4.9 million

Outcome

CommerceWest Bank Admits Bank Secrecy Act Violation and Reaches $4.9 Million Settlement with Justice Department

Details

CommerceWest Bank Admits Bank Secrecy Act Violation and Reaches $4.9 Million — DOJ Enforcement (2015)

Outcome: CommerceWest Bank Admits Bank Secrecy Act Violation and Reaches $4.9 Million Settlement with Justice Department

How Crucible Prevents This

Crucible's compliance monitoring for Community Banks / Credit Unions would have detected the patterns underlying this enforcement action.

Source: DOJ Press Release — CommerceWest Bank Admits Bank Secrecy Act Violation and Reaches $4.9 Million Settlement with Justice Department

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