ICICI Bank's New York branch compliance order terminated

ICICI Bank announced that the Office of the Comptroller of the Currency (OCC) has terminated the Consent Order for its New York Branch, effective March 8, 2025, communicated to the bank on March 11, 2025. The Consent Order, originally instated on October 3, 2022, required the branch to enhance its Bank Secrecy Act (BSA)/Anti-Money Laundering (AML) program and establish an effective Sanctions Compliance Program. According to ICICI Bank, the OCC validated the branch's corrective measures and believes its safety, soundness, and compliance with laws no longer require the order's continued existence. ICICI Bank's New York Branch remains committed to sustaining the implemented corrective measures.