OCC’s latest enforcements list includes $100 million fine against Capital One, other actions

The $100 million civil money penalty assessed last month against Capital One, N.A., McLean, Va., and Capital One Bank (U.S.A.), N.A., Glen Allen, Va., over Bank Secrecy Act/anti-money laundering (BSA/AML) compliance program deficiencies is included on the Office of the Comptroller of the Currency’s (OCC) latest list of enforcement actions, released Thursday.

The OCC’s order points to program deficiencies dating back to findings cited in a July 2015 cease-and-desist order. However, the OCC order also says the bank “has undertaken corrective action, and is committed to taking all necessary and appropriate steps to remedy the deficiencies identified by the OCC, and to enhance the Bank’s BSA/AML compliance program.”

Additional actions on the OCC’s list include cease-and-desist orders for Eastern National Bank (Miami, Fla.), and Midsouth Bank, National Association (Lafayette, Ohio); a formal agreement with The Morris County National Bank of Naples (Naples, Texas) addressing unsafe and unsound practices; a prompt corrective action directive for City National Bank of New Jersey (Newark, N.J.); terminations of enforcement actions with The Karnes County National Bank of Karnes City (Karnes City, Texas) and HSBC Bank USA, National Association (Mclean, Va.); and four removal/prohibition orders.

The prohibition orders were for the following:

  • Jose Flores, a former customer sales and service representative of Wells Fargo Bank, N.A. (Sioux Falls, S.D.), who from May 31, 2014, to Aug. 1, 2014, forged withdrawal slips and made unauthorized withdrawals totaling $12,800 from a customer’s account and caused “more than a minimal loss” to the bank;
  • Kevin Jay Orona, a former teller at JPMorgan Chase Bank, National Association (Columbus, Ohio), who from about Oct. 21, 2016, to Nov. 11, 2016, misappropriated $80,000 from a vault and manipulated the cash totals to conceal the activity;
  • Kristina L. Scheel, a former personal banker of JPMorgan Chase Bank, N.A. (Columbus, Ohio), who from June 14, 2013, to Oct. 24, 2013, took the proceeds of a bank customer’s checks and converted the funds to her own use, for which the bank suffered a loss of approximately $42,000 when it reimbursed the customer;
  • Sherayle Moye, a former teller at the District Heights, Md., branch of PNC Bank, National Association (Wilmington, Del.), from about Oct. 1, 2014, through Dec. 31, 2014, stole approximately $21,500 from her cash drawer, which led to her termination from the bank on or about Jan. 7, 2015.

OCC Enforcement Actions and Terminations for November 2018