Associated in Wis. to Be Freed from Anti-Money Laundering Order

By Sarah Todd February 14, 2014, 5:17 p.m. EST 1 Min Read

Bank technology

Associated Banc-Corp to Deploy Fraud/AML Software

The Wisconsin bank is part of a growing trend of banks bringing anti-money laundering and fraud prevention platforms together.

By Jackie Stewart

May 31
Community banking

Associated Banc-Corp Earnings Rise, Miss Estimates

Associated Banc-Corp (ASBC) posted a fourth-quarter profit of $47.8 million, up 2.4% from a year earlier.

By Antonio Olivero

January 16
M&A

Associated to Sell Two Branches, Ag Loans to Minnesota Rival

Merchant Bank in Winona, Minn., plans to buy two branches from Associated Banc-Corp (ASBC) in Green Bay, Wis.

By Sarah Todd

August 30

The Office of the Comptroller of the Currency plans to release Associated Banc-Corp (ASBC) in Green Bay, Wis., from a February 2012 consent order.

The OCC had ordered the $24 billion-asset Associated to improve compliance with anti-money laundering and Bank Secrecy Act regulations. The OCC will officially lift the enforcement action in the first quarter, Associated said in a press release Friday.

Sarah Todd

Deputy Editor, BankThink

MORE FROM AMERICAN BANKER

Payments

Why Visa is homing in on the creator economy

The emerging industry could be worth as much as $480 billion in two years, and payments are central to that growth.

By Joey Pizzolato

6m ago
M&A

Discover fixes SEC issue that delayed Capital One deal

The two companies continue to tick items off their year-end to-do list, which analysts hope will tee up the merger for finalization in early 2025. Regulatory approval remains a major question.

By Polo Rocha

1h ago
Regulation and compliance

What lenders want from Trump White House, Congress in 2025

The industry agenda calls for amending longstanding rules like loan officer compensation, to nixing Biden-era plans trade groups say hurt both consumers and industry players.

By Andrew Martinez

1h ago
Deposits

State Street deposited $100 million at minority banks in 2024

The custody bank achieved its goal for the amount of deposits it placed into minority banks and community development financial institutions by the end of the year.

By Allissa Kline

2h ago
Lawsuits

CFPB accuses Walmart and Branch of opening illegal accounts

The Consumer Financial Protection Bureau sued Walmart and payment app Branch Messenger, accusing them of illegally opening 1 million deposit accounts and charging $10 million in fees. Branch said the agency refused to engage in any meaningful way about the matter.

By Kate Berry

2h ago
OCC

OCC issues Bank of America cease-and-desist for AML lapses

Bank of America must overhaul anti-money-laundering protocols and hire third-party consultants, but will not face growth limits, following OCC action for compliance deficiencies.

By Ebrima Santos Sanneh

2h ago