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U.S. Bancorp pays $15M for BSA/AML failures

Minneapolis, MN
Fine Amount: 
$15 million
Issued by: 

In coordination with actions taken today by the OCC, FinCEN and the U.S. Attorney's Office for the Southern District of New York against U.S. Bank, N.A., the Federal Reserve Board has announced it has issued an order to cease and desist and of assessment of a $15 million civil money penalty against U.S. Bancorp, parent holding company of U.S. Bank, N.A., for failings of its enterprise-wide BSA/AML compliance program.

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