For immediate release

The Federal Reserve Board on Wednesday announced the issuance of a consent Cease and Desist Order against Banco de Chile, Santiago, Chile, and Banco de Chile's Miami branch. The Order addresses Bank Secrecy Act and anti-money laundering compliance at Banco de Chile's Miami branch. In a separate, coordinated action, the Office of the Comptroller of the Currency on Wednesday announced the issuance of a Consent Order against Banco de Chile and Banco de Chile's New York branch. A copy of the Board's Order is attached. Attachment (280 KB PDF)

2005 Enforcement actions