The Federal Reserve has reached a written agreement with a Taiwanese company to address how its Los Angeles branch complies with the Bank Secrecy Act and other anti-money-laundering regulations.

Under the March 28 agreement, First Financial Holding Co. has 90 days to provide the Fed with a written plan to improve oversight of risk management and anti-money-laundering compliance. The accord was disclosed Thursday.

First Financial is also required to provide an assessment of each senior manager in the Los Angeles branch of the $451.4 million-asset First Commercial Bank.

The branch will also provide the Fed with an "acceptable written customer due diligence program designed to reasonably ensure the identification and timely, accurate and complete reporting of all known or suspected violations" of anti-money-laundering laws, according to the agreement.

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