GRANDVIEW, Mo., Oct. 27, 2015 /PRNewswire/ -- NASB Financial, Inc. (the "Company") (OTCQX: NASB), parent company of North American Savings Bank, F.S.B. (the "Bank" or "North American" or "NASB"), announced today that, effective immediately, the Office of the Comptroller of the Currency has terminated their Consent Order with the Bank. The Consent Order, originally effective on February 1, 2013, required the Bank to enhance its programs for compliance with the Bank Secrecy Act ("BSA") and other anti-money laundering requirements.
In achieving compliance with the Consent Order, the Bank improved its processes of identifying and monitoring accounts and transactions in compliance with the BSA, including the development of effective risk assessment processes, monitoring mechanisms, training programs, and appropriate systems to review the activities of customer accounts.
NASB is a regional bank headquartered in Grandview, Missouri. Since 1927, North American has been serving the financial needs of customers by providing an array of personal banking, investment and lending products in the Kansas City metro area. Nationwide, NASB offers competitive residential and commercial mortgages with the safety and security of a Federal institution. NASB is designated as a Top 100 Mortgage Lender by Inside Mortgage Finance. For more information, visit nasb.com.
SOURCE NASB Financial, Inc.