In the Matter of U.S. Bank National Association In the Matter of Bank of Mingo, Williamson, West Virginia Pete Schroeder, U.S. Bancorp to Pay $613 million for Money-Laundering Violations, Reuters, Feb, 15, 2018 West Virginia's Bank of Mingo Pays $4.5 Million for BSA/AML Compliance Program Deficiencies, Showing that Small and Midsize Institutions Also Face Enforcement Scrutiny

1. Which bank conduct from this week's case studies did you find the most egregious, and why? What steps should financial institutions take to avoid this kind of conduct?

2: Do you think the civil penalties imposed on Mingo and U.S. Bank by FinCEN and other regulators were adequate? Do you think they provide sufficient deterrence to these banks, and to other banks and financial institutions, against failure to comply with BSA obligations? Are civil remedies the best methods for ensuring compliance with these regulations? What other methods might regulators consider?