FinCEN

Capital One fined $290M for ‘willful’ anti-money-laundering failures

01/15/21

The McLean, Va.-based company admitted that it failed to file suspicious activity reports even in cases when it knew about criminal charges against specific customers. The misconduct took place in a unit that served check-cashing businesses and was later shut down.

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Stimulus battle stands in way of AML measure becoming law

12/30/20

An impasse over pandemic relief checks for Americans is holding up an override of President Trump's veto of a bill shifting beneficial-owner requirements from banks to their commercial clients.

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