Consent Order Imposing Civil Money Penalty on CommunityBank of Texas, N.A.

UNITED STATES OF AMERICA
FINANCIAL CRIMES ENFORCEMENT NETWORK
DEPARTMENT OF THE TREASURY
IN THE MATTER OF: )
) Number 2021-03
CommunityBank of Texas, N.A. )
)
CONSENT ORDER IMPOSING CIVIL MONEY PENALTY
The Financial Crimes Enforcement Network (FinCEN) conducted a civil enforcement investigation and determined that grounds exist to impose a Civil Money Penalty against CommunityBank of Texas, N.A. (CBOT or the Bank) for violations of the Bank Secrecy Act (BSA) and its implementing regulations.1 CBOT admits to the Statement of Facts and Violations set forth below and consents to the issuance of this Consent Order.
I. JURISDICTION
Overall authority for enforcement and compliance with the BSA lies with the Director of FinCEN, and the Director may impose civil penalties for violations of the BSA and its implementing regulations.2 At all times relevant to this Consent Order, CBOT was a “bank” and a “domestic financial institution” as defined by the BSA and its implementing regulations.3 As such, CBOT was required to comply with applicable FinCEN regulations. 1 The BSA is codified at 31 U.S.C. §§ 5311-5314, 5316-5336 and 12 U.S.C. §§ 1829b, 1951-1959. Regulations implementing the BSA appear at 31 C.F.R. Chapter X. 2 31 U.S.C. § 5321(a); 31 C.F.R. §§ 1010.810(a), (d); Treasury Order 180-01 (July 1, 2014). 3 31 U.S.C. § 5312(b)(1) (defining domestic financial institution); 31 C.F.R. § 1010.100(d) (defining bank).