Legal and Regulatory:
Enforcement Actions

Cease & Desist Orders (C&D): Banking organizations subject to cease and desist orders are required to take actions or follow proscriptions in the orders. 12 U.S.C. § 1818(b).

Civil Money Penalty Orders (BCMP): Banking organizations subject to civil money penalties, pursuant to, must pay fines.

Formal Agreements (FA): Banking organizations that are subject to formal agreements agree to take actions or follow proscriptions in the orders. 12 U.S.C. § 1818(b).

Prompt Corrective Action Directives (PCAD): Banking organizations that are subject to prompt corrective action directives are required to take actions or to follow proscriptions that are required or imposed by the OCC, under section 38 of the FDI Act. 12 U.S.C. §1831o.

Safety & Soundness Orders (SASO): Banking organizations that are subject to safety and soundness order are required to take actions or to follow proscriptions that are imposed by the OCC under section 39 of the FDI Act. 12 U.S.C. §1831p-1.

Securities Enforcement Actions (SEB): Banking organizations that are engaged in securities activities, such as municipal securities dealers, government securities dealers, or transfer agents, can be subject to various OCC sanctions, including censures, suspensions, bars and/or restitution, pursuant to the federal securities laws.

Institution Affiliated Parties (IAPs) (includes individuals and entities as defined in 12 U.S.C. § 1813(u))

1829 "Removals" (1829): IAPs who have been convicted of, or entered into a pretrial diversion or similar program for certain criminal offenses are prohibited from participating in the affairs of any insured depository institution without prior regulatory or judicial approval. 12 U.S.C. § 1829.

Cease & Desist Orders against Individuals (PC&D): IAPs who are subject to cease and desist orders are required to take actions or follow proscriptions in the orders. 12 U.S.C. § 1818(b).

Civil Money Penalty Orders against Individuals (CMP): IAPs who are subject to civil money penalties must pay fines. 12 U.S.C. § 1818(i)(2).

Formal Agreements (FA): IAPs that are subject to formal agreements agree to take actions or follow proscriptions in the orders. 12 U.S.C. § 1818(b).

Removal/Prohibition Orders (REM): IAPs who are subject to prohibition orders are prohibited from participating in the affairs of any insured depository institution without prior regulatory approval. 12 U.S.C. §§ 1818(e) or 1818(g).

Restitution Orders (REST): IAPs who are subject to restitution orders are required to reimburse banking organizations or the Federal Deposit Insurance Corporation for losses caused or for unjust enrichment. 12 U.S.C. §1818(b).

Securities Enforcement Actions against Individuals (SEI): IAPs who are affiliated with banking organizations engaged in securities activities, such as municipal securities dealers, government securities dealers or transfer agents, can be subject to various OCC sanctions, including censures, suspensions, bars and/or restitution, pursuant to the federal securities laws.

For more information on the OCC's enforcement action policy, please see PPM 5310-3, Enforcement Action Policy (PDF 284KB).