The Daily Caveat is written by Michael Thomas, a recovering corporate investigator in the Washington, DC-area. [More]
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4/26/2005
Compliance Issues Dog BankAtlantic
Compliance Issues Dog BankAtlantic
Via South South Florida Business Journal:
-- MDT
BankAtlantic: Gov't has subpoenaed for compliance issuesFor the rest of the story, click here.
April 20, 2005
South Florida Business Journal
In its statement disclosing a slight first quarter earnings drop, BankAtlantic Bancorp said Patriot Act, anti-money laundering and Bank Secrecy Act compliance problems at its banking division have led to government subpoenas....
In its most recent statement, though, the Fort Lauderdale-based holding company said it cannot predict whether or to what extent regulators or other federal agencies will pursue civil or criminal regulatory action or monetary or other penalties against it or its bank.
-- MDT
Labels: money laundering
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