New York’s Apple Bank For Savings Slapped With $12.5 Million AML Fine
PYMNTS
FEBRUARY 1, 2021
Manhasset, New York-headquartered Apple Bank For Savings will have to pay a $12.5 million fine for violating anti-money laundering (AML) regulations, The Wall Street Journal reported on Monday (Feb. Apple Bank was asked to hire staff, conduct AML risk assessments and implement a Bank Secrecy Act compliance solution. .
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