secwatch.observer — SEC 8-K summary
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Issuer:     QUAINT OAK BANCORP, INC. (QNTO)
CIK:        0001391933
Form:       8-K
Filed at:   2025-05-21T23:59:59+00:00
Accession:  0000927089-25-000101
Event type: regulatory
Sentiment:  negative
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quaint Oak Bank subsidiary enters consent orders with FDIC and PA regulator over BSA/AML program
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- Consent orders issued May 15, 2025; bank neither admitted nor denied unsafe practices or violations.
- No fines, penalties, or activity restrictions imposed; orders require enhanced AML/CFT policies and controls.
- Remediation deadlines: 90 days for third-party risk program, 180 days for AML internal controls and risk assessment.
- Bank has already hired VP Financial Crimes, expanded AML staff, and enhanced training and audit functions.
- Orders follow joint FDIC/state examination that began Feb 20, 2024, based on 2023 financial data.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1391933/000092708925000101/0000927089-25-000101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1391933/000092708925000101/qnto20250519_8k.htm
  HTML page:      https://secwatch.observer/filing/0000927089-25-000101

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