Bank of America ordered to pay $1.2B penalty for AML violations
Less than a day before Bank of America was set to report its third-quarter earnings, the U.S. Department of the ...
Tag: FinCEN
FinCEN assesses $125M penalty against UBS
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network has assessed a $125 million penalty against UBS Financial Services ...
Blame Regulators for Loan to San Bernardino Shooter, Not Prosper or Citi
The tumult surrounding the $28,500 loan through Prosper to Syed Rizwan Farook, one of the shooters that killed 14 people, can ...
Ripple Labs Fined by FinCEN for Money Laundering Violations
Ripple Labs today earned the dubious distinction of being the first virtual currency exchange to be fined by FinCEN for ...
Bitcoin ‘Suspicious Activity’ on the Rise, FinCEN Reports
It turns out bitcoin is generating suspicious financial activity, according to the Financial Crimes Enforcement Network, better known as FinCEN.
