Shinhan Bank America

NEW YORK, NY 2023 Community Banks / Credit Unions

FDIC Civil Money Penalty

Penalty

$5 million

Outcome

Order to Pay

Details

Shinhan Bank America — FDIC Enforcement (2023)

FDIC took enforcement action against Shinhan Bank America in NEW YORK, NY in 2023 involving civil money penalty violations in the Community Banks / Credit Unions sector.

Penalty: $5 million

Violation types: Civil Money Penalty
Entity type: Financial Institution
Penalty type: Consent Order
Location: NEW YORK, NY

Source: FDIC ED&O — FDIC-20-0155k

How Crucible Prevents This

Crucible's banking compliance controls enforce regulatory requirements and flag violations before they escalate to civil money penalties.

Source: FDIC ED&O — FDIC-20-0155k

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