If compliance guidelines are not followed, what is one possible consequence?

When compliance guidelines are not adhered to, one possible consequence is the closure of the account with the bank. This action is often taken to protect both the bank and its customers. Non-compliance can lead to various legal and regulatory risks, prompting banks to take measures to safeguard their operations and reputation. In particularly serious cases, if a customer's activities are found to violate regulations or the bank’s own policies, the bank may decide that the risk of continuing to maintain that account outweighs the benefits. This consequence underscores the importance of adhering to compliance guidelines to maintain trust and operational integrity within the banking system.