Associated Banc-Corp (ASBC) in Green Bay, Wis., has been hit with a $500,000 fine by regulators for deficiencies in its anti-money laundering compliance procedures.

The $24.8 billion-asset company, which disclosed the civil money penalty in a Monday regulatory filing, said it expects no additional fines due to the issue. The fine was tied to a February 2012 consent order from the Office of the Comptroller of the Currency. Associated said in March said that the OCC had formally terminated the order.

Regulators have shown a heightened interest in compliance tied to anti-money laundering laws and the Bank Secrecy Act, most notably in relation to M&T Bank's (MTB) agreement to buy Hudson City Bancorp (HCBK). M&T has twice postponed the deadline for closing the deal, as it looks to satisfy regulators by improving its anti-money laundering compliance procedures and technology.

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