Zenoo Compliance Brief
OCC Orders Clear Fork Bank to Overhaul AML Monitoring
Plus, ExThera Medical faces healthcare fraud and money laundering charges, China blocks OFAC sanctions on Hengli Petrochemical, and AI becomes table stakes for AML programmes by 2026.
24 March 2026 · 5 min read
The OCC has put Clear Fork Bank on notice over BSA/AML deficiencies, with transaction monitoring and reporting cited as key gaps. Expect compliance vendors to see uptick in demand as mid-sized banks scramble to close their own exposure. We've also got enforcement action against a US medical device firm, geopolitical friction around sanctions evasion in China, and research showing AI adoption is moving from optional to mandatory for serious AML operations. Read on.
In today's brief
- 1 Does the OCC's Clear Fork order signal tighter expectations on transaction monitoring across mid-sized banks?
- 2 What does a $6m healthcare fraud settlement tell us about CRO due diligence gaps?
- 3 How should compliance teams handle conflicting U.S. and Chinese sanctions regimes on the same entity?
- 4 Has your institution moved real-time transaction monitoring from optional to mandatory?
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