The update concerns OCC enforcement actions against banks and savings institutions for BSA/AML compliance violations and unauthorized account access, which are supervisory matters directly related to retail banking operations and consumer protection.
Low confidence — REQUIRES HUMAN REVIEW. This is purely an enforcement/supervisory announcement with no investment services, lending, digital assets, or other product-specific angle; Investment Services does not apply.
Specialism
The update describes formal regulatory enforcement actions including a Consent Order for BSA/AML compliance failures and an Order of Prohibition against an individual, which are confirmed enforcement outcomes by a named regulator.
Mandatory inheritance: Enforcement actions for AML violations trigger the Anti-Money Laundering/Counter-Terrorism Financing tag, which is a child of Financial Crime.
2026-05-21 17:37:57·pdonofrio@vixio.com
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The Office of the Comptroller of the Currency (OCC) today released enforcement actions for May 2026.
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TITLE: Office of the Comptroller of the Currency Announces Enforcement Actions for May 2026
BODY:
On May 21, 2026, the Office of the Comptroller of the Currency (OCC) announced enforcement actions taken during May 2026 against banks and individuals affiliated with financial institutions. The OCC uses enforcement actions to require boards of directors and management to take timely corrective action against deficient practices or violations identified during supervision.
The OCC issued a Consent Order against Community Federal Savings Bank in Woodhaven, New York, for deficiencies in its Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance program. The violations included breaches of 12 CFR 21.21 (BSA/AML program violation), 12 CFR 163.180(d) (suspicious activity reporting violation), and 31 CFR 1010.520(b)(3) (information sharing requirement under the USA PATRIOT Act). The OCC also issued an Order of Prohibition against Dyemond Williams, a former Associate at JP Morgan Chase Bank in Columbus, Ohio, for making or assisting others in making unauthorized withdrawals from customer accounts, resulting in losses of at least $38,500 to the bank. Orders of Prohibition prevent individuals from participating in the affairs of any bank or other institution as defined in 12 USC 1818(e)(7).
The OCC terminated five enforcement actions during May 2026 after determining that the institutions had demonstrated compliance with all articles of their respective enforcement actions or that certain articles had become outdated or irrelevant to current circumstances. These terminations involved Axiom Bank in Maitland, Florida; Cenlar Federal Savings Bank in Ewing, New Jersey; Lincoln FSB of Nebraska; The First National Bank of Waverly in Ohio; and The First National Bank of Williamson in West Virginia.
All OCC public enforcement actions taken since August 1989 are available through the searchable enforcement actions database at https://apps.occ.gov/EASearch.
OCC Announces Enforcement Actions for May 2026 | OCC Skip to main content An official website of the United States government Careers Quick Access Most Requested Bank Secrecy Act (BSA) Contact Us Community Reinvestment Act (CRA) Comptroller's Handbook Corporate Applications Search Enforcement Action Search Financial Institution Lists Newsroom Third-Party Relationships: Interagency Guidance on Risk Management More OCC Websites BankNet.gov Find resources for bankers. HelpWithMyBank.gov Get answers to banking questions. Search More Search Tools Financial Institution Search CRA Performance Evaluations Search Enforcement Actions Search Corporate Applications Search (CAS) Home News & Events Newsroom News Release 2026-40 | May 21, 2026 OCC Announces Enforcement Actions for May 2026 Share This Page: WASHINGTON— The Office of the Comptroller of the Currency (OCC) today released enforcement actions for May 2026. The OCC uses enforcement actions against banks to require the board of directors and management to take timely actions to correct the deficient practices or violations identified. Actions taken against banks are: Consent Order against Community Federal Savings Bank, Woodhaven, New York, for deficiencies in its Bank Secrecy Act/Anti-Money Laundering (BSA/AML) compliance program which resulted in violations of law or regulation, including 12 CFR 21.21 (BSA/AML program violation) and 12 CFR 163.180(d) (suspicious activity reporting violation), and 31 CFR 1010.520(b)(3) (information sharing requirement under the USA PATRIOT Act). (Docket No. AA-ENF-2025-21) The OCC uses enforcement actions against an institution-affiliated party (IAP) to deter, encourage correction of, or prevent violations, unsafe or unsound practices, or breaches of fiduciary duty. Enforcement actions against IAPs reinforce the accountability of individuals for their conduct regarding the affairs of a bank. The term “institution-affiliated party,” or IAP, is defined in 12 USC 1813(u) and includes bank directors, officers, employees, and controlling shareholders. Orders of Prohibition prohibit an individual from any participation in the affairs of a bank or other institution as defined in 12 USC 1818(e)(7). The OCC has taken the following actions against IAPs: Order of Prohibition against Dyemond Williams, former Associate at JP Morgan Chase Bank, N.A., Columbus, Ohio, for making or assisting others in making unauthorized withdrawals from customer accounts. The Bank suffered a loss of at least $38,500. (Docket No. AA-ENF-2025-54) The OCC terminates enforcement actions when a bank has demonstrated compliance with all articles of an enforcement action; or when the OCC determines that articles deemed “not in compliance” have become outdated or irrelevant to the bank’s current circumstances; or when the OCC incorporates the articles deemed “not in compliance” into a new action. The termination actions are: Order Terminating the Formal Agreement with Axiom Bank, National Association, Maitland, Florida, dated October 3, 2024 (Docket No. AA-SO-2024-83 ). (Docket No. AA-SO-2026-26) Order Terminating the Consent Order against Cenlar Federal Savings Bank, Ewing, New Jersey, dated October 26, 2021 (Docket No. AA-ENF-2021-45 ). (Docket No. AA-ENF-2026-20) Order Terminating the Formal Agreement with Lincoln FSB of Nebraska, Lincoln, Nebraska, dated June 20, 2024 (Docket No. AA-WE-2024-61 ). (Docket No. AA-WE-2026-22) Order Terminating the Formal Agreement with The First National Bank of Waverly , Waverly, Ohio, dated September 25, 2024 (Docket No. AA-CE-2024-64 ). (Docket No. AA-CE-2026-25) Order Terminating the Formal Agreement with The First National Bank of Williamson , Williamson, West Virginia, dated November 12, 2024 (Docket No. AA-NE-2024-93 ). (Docket No. AA-SO-2026-23) To receive alerts for news releases announcing public OCC enforcement actions, subscribe to OCC Email Updates . All OCC public enforcement actions taken since August 1989 are available for download by viewing the searchable enforcement actions database at https://apps.occ.gov/EASearch . Related Link Enforcement Action Types Media Contact Stephanie Collins (202) 649-6870 Topic(s): Enforcement Actions