WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced enforcement actions against national banks and federal savings associations (banks), as well as individuals currently or previously affiliated with banks supervised by the OCC.
The OCC will use enforcement actions against banks to require their boards and management to take timely steps to correct identified deficient practices and violations. The actions taken against the banks are as follows:
Axiom Bank of Maitland, Fla., regarding unsafe or unsound conduct, including violations of the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Compliance Program and 12 CFR 21.21(d)(1). Contract) and (d)(3) (BSA/AML Internal Control and BSA Officers). (Docket No. AA-SO-2024-83) with First National Bank of Denison, Ohio, regarding unsafe or unsound practices, including those related to board and management oversight, credit underwriting, and credit management. formal agreement. (Docket No. AA-CE-2024-49) First National of Lake Jackson, Texas, for unsafe or unsound practices, including those related to strategic and capital planning, liquidity risk management, and interest rate risk. Manage formal agreements with banks. (Docket No. AA-SO-2024-70) Formal Complaint with First National Bank of Waverly, Ohio regarding unsafe or unsound practices, including those related to strategic planning, capital planning, and liquidity risk management. agreement. (Docket No. AA-CE-2024-64) Cease and Desist Order and Civil Monetary Compliance Program against TD Bank, NA, Wilmington, DE, and TD Bank USA, NA, Wilmington, DE for the bank’s BSA/AML deficiencies. The estimated civil penalty is $450 million. See OCC News Release 2024-116. (Document numbers AA-ENF-2024-77 and AA-ENF-2024-78)
The OCC uses enforcement actions against Institutional Related Parties (IAPs) to deter, encourage remediation, or prevent violations, unsafe or unhealthy practices, or breaches of fiduciary duties. Enforcement actions against IAPs increase accountability for the actions of individuals in banking matters. The term “institutionally affiliated party” (IAP) is defined in 12 USC 1813(u) and includes directors, officers, employees, and controlling stockholders of a bank. A restraining order prohibits an individual from participating in the affairs of a bank or other institution, as defined in 12 USC 1818(e)(7). Actions taken against IAPs include:
A restraining order against Tanya Jazmine Cortez, a former teller and concierge in Los Angeles County, California, a Citibank branch in North Dakota, and a Sioux Falls branch in South Dakota. Approximately $348,000 is in the bank for selling bank customers’ confidential information to third parties, resulting in check fraud and losses. (Docket No. AA-ENF-2024-59) Injunction against Alexis LeeAnn Day (f/k/a Alexis LeeAnn Adcock), former customer relations consultant for US Bank branches in Clarksville, TN and Cincinnati, OH, NA, Bank ATMs He was charged with embezzling approximately $10,000 from (Docket No. AA-ENF-2024-79) Columbus, Ohio, NA Bank Injunction against Leron D. Cornegay, former associate banker at the Brooklyn, New York branch of JPMorgan Chase Bank, for his involvement in a theft scheme. Misappropriating funds and falsely reporting receipt of counterfeit bills in the bank’s general ledger. The bank suffered a loss of at least $201,000. (Docket No. AA-ENF-2024-67) Restraining Order against Lexus Inez Ruiz, Ex-Fraud Operations Specialist, Sioux Falls, South Dakota, Jacksonville, Florida branch of Citibank, North Dakota. The OCC specifically alleged that Lewis made false representations on his employment application and was hired by the bank in violation of federal law. Unauthorized transactions totaling at least $389,000 were made to bank customers’ credit card accounts. Storing bank equipment without permission. Lewis consented to the order without admitting or denying the allegations in the notice. (Reference number AA-ENF-2024-14)
Subscribe to OCC email updates to receive alerts for news releases announcing OCC public enforcement actions.
All OCC public enforcement actions taken since August 1989 can be downloaded by viewing the searchable enforcement action database at https://apps.occ.gov/EASearch.
