FinCEN Imposes $390,000,000 Civil Money Penalty Against Capital One, National Association for Violation Regarding the Bank Secrecy Act

WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today announced that Capital One, National Association (Capital One) has been assessed a $390,000,000 civil money penalty for engaging in both willful and negligent violations of the Bank Secrecy Act (BSA) and its implementing regulations. Specifically, FinCEN determined and Capital One admitted to willfully […]