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INSIGHT: US FDIC publishes order for $33M Bank of Vici – here are the AML lessons for other small lenders

A view of the Federal Deposit Insurance Corporation building in Arlington, Virginia, October 25, 2010. REUTERS/Jim Young/File Photo

By SARAH BETH FELIX, Special Correspondent

THE Federal Deposit Insurance Corporation (FDIC) has published a consent order for a $33 million asset bank – Bank of Vici in Oklahoma. Your standard 100+ year old, community bank.

This is the smallest bank, by asset size, that we’ve seen since late 2023 (that one being $26 million. The order covers everything from IT to credit losses and hashtag#AML. The AML section is short but power packed for any bank, any size. Any size. I’ll say it again. Any size!

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