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The Office of the Comptroller of the Currency took six enforcement actions and ended several others last month, the agency said Friday.
August 16 -
Miami-based Ocean Bank faces a nearly $11 million fine to settle charges it turned a blind eye to drug traffickers allegedly using the bank to launder money.
August 22
The Department of Justice has dropped a deferred money-laundering case against the banking unit of Ocean Bankshares in Miami, the company
In a federal action filed in August 2011, the $3.4 billion-asset company
"We have worked diligently for several years to address all the issues that led to the agreement and to ensure that all of our systems and procedures dealing with anti-money laundering and Bank Secrecy Act regulations are in full compliance with the spirit and the letter of all federal and state regulations," president and chief executive Alfonso Macedo said in a press release. "Today's decision marks another significant step in Ocean Bank's continued advancement."