Anti-Financial Crime & Financial Crime Compliance
Regulatory Intelligence Leadership | Insight | Network

Compliance, Regulatory, US

LATEST: Nine major US banks engaged in ‘debanking’, OCC watchdog finds

The Office of the Comptroller of the Currency (OCC)

By Pete Schroeder

THE nine largest U.S. banks have previously engaged in ‘debanking’ customers, the OCC (Office of the Comptroller of the Currency) said in a new report.

The regulator began its debaning review after President Donald Trump signed an executive order in August directing a regulatory review of all banks for any current or past practices that would effectively bar customers based on political or religious beliefs.

AML Intelligence
Subscribe now to have unlimited access

With our membership subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!