FINCEN ANNOUNCES $390,000,000 ENFORCEMENT ACTION AGAINST CAPITAL ONE, NATIONAL ASSOCIATION FOR VIOLATIONS OF THE BANK SECRECY ACT
Immediate Release January 15, 2021 WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today announced that Capital One, National Association (Capital One) has been assessed a $390,000,000 civil money penalty for engaging in both willful and negligent violations of the Bank Secrecy Act (BSA) and its implementing regulations. Specifically, FinCEN determined and Capital One admitted to willfully failing to … Read more FINCEN ANNOUNCES $390,000,000 ENFORCEMENT ACTION AGAINST CAPITAL ONE, NATIONAL ASSOCIATION FOR VIOLATIONS OF THE BANK SECRECY ACT