On January 4, the OCC issued a consent order assessing a $70 million civil money penalty against a national bank for failing to comply with the agency’s 2012 cease and desist consent order related to Bank Secrecy Act (BSA) and anti-money laundering (AML) deficiencies. The 2012 order cited the bank for, among other things, failing to file suspicious activity reports in a timely manner and weaknesses in controls related to its correspondent banking from deposit capture/international cash letter instrument activity. According to the OCC, the $70 million civil money penalty results from the bank’s failure “to complete corrective actions to address BSA/AML compliance issues as required by the [2012] order.”