WASHINGTON - The Federal Reserve Board issued a flurry of enforcement actions this week, including the last of the agreements it reached with banks implicated in Operation Casablanca, an anti-money-laundering sting dating back to 1998.
The Fed determined that Mexico City-based Bancomer SA can continue operating in the United States despite being implicated in money-laundering activities. However, the Fed said it must keep improving its anti-laundering procedures.
The requirements were detailed in the central bank's release of a written agreement between Caracas-based Banco Industrial de Venezuela and the Federal Reserve Bank of Atlanta.
On Tuesday the Fed issued an order of prohibition barring Bruce J. Kingdon, a former partner of Bankers Trust Co. in New York, from participating in the operation of any financial services institution. He was charged with making false and inaccurate entries in the state-chartered bank's records.
A similar order was issued late Wednesday against Kaye G. Hill, a former employee of Barnett Bank in Jacksonville, Fla. Ms. Hill was charged with illegally taking $5,000 from two customer accounts.
