CNB and Summit banks sign US OCC orders to renew BSA and OFAC programs

CNB Bank and Trust, of Illinois, and Summit National Bank, of Wyoming, signed consent orders, dated in June, but published on 18 July, with the US Office of the Comptroller of the Currency (OCC), committing to root and branch revision of their Bank Secrecy Act/Anti-Money Laundering and Office of Foreign Asset Control (OFAC) compliance programs.

CNB Bank and Trust, of Illinois [1], and Summit National Bank, of Wyoming [2], signed consent orders, dated in June [2024], but published on 18 July [2024], with the US Office of the Comptroller of the Currency (OCC), committing to root and branch revision of their Bank Secrecy Act/Anti-Money Laundering and Office of Foreign Asset Control (OFAC) compliance programs.