• U.S. Bank pays $613M over money laundering charges

    6 days ago - By Finance Commerce

    NEW YORK - U.S. Bancorp said Thursday it will pay $613 million in fines and penalties to settle allegations that the bank had poor anti-money laundering controls, which put the bank repeatedly at risk of being used as a conduit for criminals. The $613 million penalty is being split between multiple federal agencies. The bank ...
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  • U.S. Bank Cited by Federal Authorities for Lapses in Money Laundering

    6 days ago - By NY Times

    The bank, which was accused of neglecting safeguards against illegal activity and of lying to a regulator, agreed to pay $613 million in fines and penalties to resolve the case.
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  • US Bank pays $613 million over money laundering charges

    6 days ago - By Chron

    NEW YORK - U.S. Bancorp is paying $613 million to settle allegations the bank had poor anti-money laundering controls, which put the bank repeatedly at risk of being used as a conduit for criminals.
    U.S. Bank will pay $453 million to the U.S. Treasury through the Southern District of New York; $70 million to the Financial Crimes Enforcement Network, a government agency tasked with handling money laundering cases; $15 million to the Federal Reserve; and $75 million to the Office of the Comptroller of the Currency.
    Regulators say the Minneapolis-based bank "willfully" violated the Bank...
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  • U.S. Bancorp to pay $613 million for money-laundering violations

    6 days ago - By Reuters

    WASHINGTON - The U.S. Justice Department has reached a $613 million settlement with U.S. Bancorp over charges that it willfully failed to have an adequate anti-money-laundering program, the department said on Thursday.
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  • US Bank to pay more than $600 million over federal charges it had lax anti-money laundering controls

    6 days ago - By CNBC

    The fifth largest U.S. Bank skimped on staffing and resources that banks are supposed to have to thwart suspicious activities, feds say
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