Former Banker Sentenced For Not Reporting Suspicious Activity
WICHITA, KAN. – A former president of a bank in Plains, Kan., was sentenced Monday to one year on federal probation for not reporting suspicious activity in a customer’s bank account, U.S. Attorney Tom Beall said.
James Kirk Friend, 53, Plains, Kan., pleaded guilty to one count of failing to file a Suspicious Activity Report while he worked at Plains State Bank in Plains, Kan. Friend failed to report suspicious activity in the account of George and Agatha Enns, bank customers who were indicted on charges of laundering proceeds of drug trafficking. Friend admitted he was aware of significant currency and third party check deposits in the Enns’ account that he knew should have been reported. The bank used software to detect suspicious activity and the software flagged the Enns’ account on a regular basis.
The Enns pleaded guilty to money laundering conspiracy. They are set for sentencing Feb. 27.
Beall commended the Drug Enforcement Administration, the Federal Deposit Insurance Corporation, the Internal Revenue Service and Assistant U.S. Attorney Debra Barnett for their work on the case.