The Federal Deposit Insurance Corporation (FDIC) is the designated federal authority responsible for overseeing CITIZENS BANK & TRUST COMPANY OF VIVIAN, located in Vivian, Louisiana, according to the Federal Deposit Insurance Act (FDI Act), 12 U.S.C. § 1813(q). The state regulator for the bank is the Louisiana Office of Financial Institutions (OFI), in accordance with Louisiana Law, including the Louisiana Banking Law, LA. REV. STAT. ANN. § 6:1 et seq., and specifically LA. REV. STAT. ANN. § 6:101.
The bank’s Board of Directors has signed a Stipulation to the Issuance of a Consent Order on September 18, 2023, which has been accepted by the FDIC. By agreeing to this Stipulation, the bank consents, without admitting or denying any violations of the Bank Secrecy Act, 31 U.S.C. §§ 5311 et. seq., 12 U.S.C. § 1829b, and 12 U.S.C. §§ 1951-60, along with the corresponding regulations (31 C.F.R. Chapter X, 12 C.F.R. § 353, and 12 C.F.R. § 326.8), collectively known as the Bank Secrecy Act (BSA). This Consent Order (ORDER) is issued by the FDIC under Section 8(b)(1) of the FDI Act.
Read full order below:
By FCCT Editorial Team
, an independent military force, and allied militias in Sudan raped several dozen women and girls in West Darfur’s capital, El Geneina, and those fleeing to Chad between late April and late June 2023, Human Rights Watch said today. The assailants appear to have targeted people because of their Massalit ethnicity and, in some cases, because they were known activists.){kind=link}