17 Mar 2022

FinCEN Announce $140M Civil Money Penalty against USAA Federal Savings Bank for Violations of the Bank Secrecy Act

On March 17th, 2022, The Financial Crimes Enforcement Network (FinCEN) announced it has assessed a $140 Million Civil Money Penalty against USAA Federal Savings Bank (USAA FSB) for willful violations of the Anti-Money Laundering/Bank Secrecy Act (BSA) and its implementing regulations.

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