Announced by Mega FHC: on behalf of Mega Int'l Commercial Bank, the order of correction to New York Branch by New York State Department of Financial Services.
The subsidiary Mega International Commercial Bank settled with New York State Department State of Financial Services for the amount of USD 180,000,000 penalty due to the failure of carrying out its BSA/AML Program effectively.
Mega International Commercial Bank and New York State Department of Financial Services will come to an agreement to sign a Consent Order and Mega International Commercial Bank will engage with an independent.