Capital One fined U$390m over AML program & SAR, CTR failures

Capital One, National Association, the US bank, will pay a US$290 million civil penalty to FinCEN for “egregious failures” to comply with the Bank Secrecy Act. [1] Another US$100 million due is to be offset against the fine previously levied, in 2018, for related conduct by the Office of the Comptroller of the Currency (OCC). [2]