Florida-based Gibraltar Private Bank & Trust has been the subject of a Bank Secrecy Act-related investigation by the US Attorney’s Office and the US Department of Justice’s Asset Forfeiture and Money Laundering Section, according to media reports.

The events at the firm, whose headquarters is in Coral Gables, come almost six years after Scott Rothstein, one of the bank’s largest clients through his law firm and a minority shareholder, was caught running a $1.4 billion Ponzi fraud. The bank later paid a multi-million-dollar settlement to the victims of the Ponzi scheme.

This investigation was prefigured by a consent order last autumn from federal banking regulators that outlined steps the bank must take to comply with the Bank Secrecy Act 1970 and any rules issued thereunder. That order replaced another order from 2010 issued by the (deservedly) now-defunct Office of Thrift Supervision, according to the South Florida Business Journal.

The publication said that a disclosure about the problem can be found in the bank’s audited annual report for 2014 and 2013, released to shareholders. It states that in February 2014, Gibraltar was notified that the Office of the Comptroller of the Currency and the Department of Treasury were independently considering civil money penalties arising from the bank’s BSA and anti-money-laundering compliance. The bank has so far not confirmed anything with our office.