Capital One fined $290M for ‘willful’ anti-money-laundering failures

Money One economic happens to be struck with a $290 million penalty after admitting towards U.S. Treasury section this willfully broken anti-money laundering criteria between 2008 and 2014. The problems, which included an unit that offered cash-checking people features since been power down, had been earliest revealed in years past. But paperwork launched saturday by Treasury’s Financial Crimes Enforcement Network …