Financial Crime Financial Crime

Capital One fined $290 million over US anti-money-laundering failures

By Richard Vanderford
  • 15 Jan 2021 17:16
  • 15 Jan 2021 17:39
Capital One has been fined another $290 million in the US for its failure to file serious-activity reports and failure to maintain an effective anti-money-laundering program.

The bank willfully failed to implement an effective AML program, the US Treasury Department's Financial Crimes Enforcement Network said today. The bank also willfully failed to file

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