U.S. Bancorp Announces OCC’s Termination of AML-Related Consent Order
December 21 2018 - 11:10AM
Business Wire
U.S. Bancorp (NYSE: USB) today announced that the Office of the
Comptroller of the Currency (OCC) has terminated its 2015 consent
order related to the company’s Anti-Money Laundering (AML) and Bank
Secrecy Act (BSA) program and controls.
Since 2014, U.S. Bancorp has made significant investments to
improve and strengthen its AML and BSA controls, including a new
AML and BSA leadership team as well as improved and enhanced
processes and systems.
About U.S. Bank
U.S. Bancorp (NYSE: USB), with 74,000 employees and $465 billion
in assets as of September 30, 2018, is the parent company of U.S.
Bank, the fifth-largest commercial bank in the United States. The
Minneapolis-based bank blends its relationship teams, branches and
ATM network with mobile and online tools that allow customers to
bank how, when and where they prefer. U.S. Bank is committed to
serving its millions of retail, business, wealth management,
payment, commercial and corporate, and investment services
customers across the country and around the world as a trusted
financial partner, a commitment recognized by the Ethisphere
Institute naming the bank a 2018 World’s Most Ethical Company.
Visit U.S. Bank at www.usbank.com or follow on social media to stay
up to date with company news.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20181221005363/en/
Dana Ripley, U.S. Bank Public Affairs &
CommunicationsDana.ripley@usbank.com | 612.303.3167
Jen Thompson, U.S. Bank Investor
RelationsJen.thompson@usbank.com | 612.303.0778
US Bancorp (NYSE:USB)
Historical Stock Chart
From Jun 2024 to Jul 2024
US Bancorp (NYSE:USB)
Historical Stock Chart
From Jul 2023 to Jul 2024