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PNC Bank faces new penalties for repeated compliance failures and data leaks

From unauthorized data leaks to falsified records, PNC Bank’s latest violations expose deep-rooted flaws. Regulators are watching—but will penalties be enough?

, and Administrator

2025 December 2 . 1:32 PM

1 min read

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PNC Bank faces new penalties for repeated compliance failures and data leaks

A major US bank has faced regulatory penalties after breaking financial rules on multiple occasions. The institution, PNC Bank, was found to have shared confidential supervisory information without permission. It also failed to report fraud involving falsified compliance records.

The bank had already been under scrutiny since 2018, when regulators issued a cease and desist order. This came after repeated failures in Bank Secrecy Act (BSA), anti-money laundering (AML) and Office of Foreign Assets Control (OFAC) compliance. While improvements were noted in 2023, earlier deficiencies remained unresolved.

More recently, the bank unlawfully disclosed sensitive supervisory details to an overseas regulator. No prior approval was obtained, violating strict confidentiality protocols. Separately, it did not self-report incidents where employees backdated compliance documents to cover up delays.

The bank’s repeated breaches highlight ongoing compliance weaknesses. Regulators have yet to announce further penalties, but the institution remains under close watch. Past orders and recent violations suggest deeper systemic issues still need addressing.