The Federal Reserve Board executed two consent prohibition orders against former bank employees and announced the termination of two long-running enforcement actions involving UniCredit and China Construction Bank. The prohibition order against Alohi Kaupu-Grace, a former employee of Bank of Hawaii in Honolulu, relates to the embezzlement of bank funds and falsification of bank records. The prohibition order against Diamond Stinson, a former employee of Ally Bank in Sandy, Utah, relates to the misappropriation of customer data. The Board also terminated a cease and desist order dated April 15, 2019 against UniCredit, S.p.A. and certain affiliates, effective June 5, 2025, and terminated a written agreement dated July 16, 2015 with China Construction Bank Corporation and its New York branch, effective June 19, 2025.
Federal Reserve Board 2025-06-20
Federal Reserve Board issues prohibition orders against former Bank of Hawaii and Ally Bank employees and terminates actions with UniCredit and China Construction Bank
The Federal Reserve Board issued consent prohibition orders against former employees of Bank of Hawaii and Ally Bank for embezzlement and data misappropriation, respectively. Additionally, it terminated enforcement actions against UniCredit and China Construction Bank.