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How expensive is a BSA mistake?

Answered by: 

Question: 
Can a BSA violation cost $528,000,000?
Answer: 

Yes, the OCC issued a consent decree against the fifth largest U.S. bank for willfully failing to have an adequate anti-money laundering program and failing to file suspicious activity reports.
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Learn more about Susan Costonis’s webinar
Is your BSA and AML program at RISK?

First published on 04/21/2019

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