Pioneer Bank strengthening money laundering controls after Mann fraud
04 Nov 2021

In the months after one of Pioneer Bank’s biggest business customers admitted to a $101 million bank fraud scheme, federal regulators found the bank’s anti-money laundering controls to be “fundamentally and materially deficient,” according to allegations made in a filing made last month in federal court.

By Larry Rulison, Times Union, 3 November 2021

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