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FinCEN Assesses Historic Penalty Against Financial Institution

Published: March 06, 2026  •  9 views  •  Enforcement Actions
FinCEN has assessed a significant civil money penalty against a major financial institution for willful violations of the Bank Secrecy Act.

FinCEN announced today an assessment of a civil money penalty for violations of the Bank Secrecy Act (BSA) anti-money laundering requirements.

The financial institution failed to implement an adequate AML program and failed to file Suspicious Activity Reports (SARs) on suspicious transactions.

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