Case Study: Gibraltar Private Bank & Trust strengthens KYC/CDD compliance with Global RADAR

Gibraltar Private Bank & Trust is one of the top 10 largest banks by assets in Florida

Gibraltar Private Bank & Trust faced significant regulatory challenges, including a $4 million fine from FinCEN and the OCC for Bank Secrecy Act violations and a prior consent order. To address its critical compliance deficiencies, the bank turned to vendor Global RADAR for its AML software solution.

By implementing Global RADAR, the bank was able to refine its risk-rating process and ensure robust KYC profiles for high-risk clients. This solution directly addressed the issues in the consent order, leading to its eventual lifting and marking a key milestone in restoring the bank's compliance standing.

Gibraltar Private Bank & Trust