![Texas Bank Slammed for BSA/AML Violations](http://www.riskinbox.com/wp-content/uploads/2020/08/bsa-texas.jpg)
Texas Bank Slammed for BSA/AML Violations
OCC slaps CommunityBank of Texas with an enforcement order for deficiencies in the bank's Bank Secrecy Act/anti-money laundering program. The bank has been ordered to (pause for deep breath) shore up its BSA staffing, program, customer due diligence, enhanced due diligence, customer risk identification program, implement a monitoring system, get the system independently validated, implement a BSA audit program, conduct training, and – always the biggest gut-kick – conduct a lookback project going back to 2015. [8/21/20]