The Office of the Comptroller of the Currency has taken enforcement measures against six banks and terminated actions against a half dozen others.
The moves were announced Friday and took place over the last several months.
On Dec. 11, the OCC ordered HSBC’s (HBC) U.S. subsidiary in McLean, Va., to detail plans to prevent criminals from laundering money through the bank. The OCC issued the order in connection with an agreement byHSBC, which has $2.7 trillion of assets, to pay $1.9 billion in fines to settle a U.S. probe of money-laundering allegations.
The $196 million-asset Home Loan Investment Bank of Warwick, R.I., was ordered on Oct. 11 to ensure it has sufficient funding to meet contingencies, maintain internal controls, comply with regulations governing treatment of loan losses and refrain from paying dividends or distributing capital without the permission of regulators.