Washington Federal Bank (WaFd Bank) has agreed to pay $2.5 million in accordance with a consent order reached with the Office of the Comptroller of the Currency (OCC) in February 2018.
WaFd Bank announced the development Sept. 30, noting payment of the civil penalty as a “milestone” toward resolution of its still-active order addressing anti-money laundering/Bank Secrecy Act (AML/BSA) deficiencies at the Seattle-based financial institution.
