A recent regulatory examination identified serious deficiencies in the AML program.

Enhance the ongoing employee training program so that employees are aware of their respective AML roles and responsibilities.

Initiate a request for proposals for new AML systems and solutions.

Engage a qualified third party to review the deficiencies and assist in developing a remediation plan.

Change the designated head of AML compliance and request the newly appointed head of AML compliance produce a remediation plan.