Blue Ridge Bank ordered by OCC to overhaul AML and complete SAR look-back

Blue Ridge Bank of Virginia has escaped financial sanction for a US Bank Secrecy Act/Anti-Money Laundering programme characterised by "systemic internal controls breakdowns" in a consent order published by the Office of the Comptroller of the Currency (OCC) mid February.

Blue Ridge Bank of Virginia has escaped financial sanction for a US Bank Secrecy Act/Anti-Money Laundering programme characterised by "systemic internal controls breakdowns" in a consent order published by the Office of the Comptroller of the Currency (OCC) mid February [2024]. [1]