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EX-BANKER pleads guilty to assisting high-risk bank customers evade bank’s anti-money laundering controls.


The former vice president of a Missouri bank pleaded guilty to assisting high-risk customers in evading the bank’s anti-money laundering controls.

Peter McVey, 45, of Kansas City, Missouri, who served as vice president and director of treasury services for a bank, pleaded guilty to

  • Failing to maintain an appropriate anti-money laundering program under the Bank Secrecy Act (BSA).

According to court documents, between April 2014 and July 2022,

  • McVey assisted high-risk bank customers engaged in deceptive sweepstakes and short-term online loan activities in evading the bank’s anti-money laundering controls.

Specifically, McVey

  • Worked with other bank officials and customers to submit fraudulent Currency Transaction Report exemption forms to the Financial Crimes Enforcement Network and
  • Knowingly accepted forged bank forms from customers that permitted them to exceed applicable limits on daily transaction values.

McVey also admitted.

  • That he did not follow know-your-customer or suspicious activity report requirements.


  • Faces a maximum penalty of 10 years in prison.
  • Will pay a fine of $20,000, equal to his 2018 bonus from the bank.

A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.



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