Money laundering: Capital One Bank fined $100 million in U.S.
News & Trends •
reutersnan a leading bank regulator on tuesday fined capital one bank 100 million dollars for failing to enforce anti-money laundering controls that have been in place for years3 capital one failed to satisfy a 2015 consent order that demanded the bank improve its anti-money laundering policies the office of the comptroller of the currency occ said in a statement3 the bank failed to timely achieve compliance with the 2015 consent order the occ said in a new consent order that outlined the fine3 capital one said it disclosed the issue to the occ in july 20153 the consent order emanates primarily from prior banking relationships with certain cheque cashing service providers a business we made the decision to exit in 2014 the bank said3 since that time we have worked diligently with our bank regulators to strengthen our processes and internal controls to ensure we address any concerns regarding our compliance processes3

Money laundering: Capital One Bank fined $100 million in U.S.
News & Trends •
reutersnan a leading bank regulator on tuesday fined capital one bank 100 million dollars for failing to enforce anti-money laundering controls that have been in place for years3 capital one failed to satisfy a 2015 consent order that demanded the bank improve its anti-money laundering policies the office of the comptroller of the currency occ said in a statement3 the bank failed to timely achieve compliance with the 2015 consent order the occ said in a new consent order that outlined the fine3 capital one said it disclosed the issue to the occ in july 20153 the consent order emanates primarily from prior banking relationships with certain cheque cashing service providers a business we made the decision to exit in 2014 the bank said3 since that time we have worked diligently with our bank regulators to strengthen our processes and internal controls to ensure we address any concerns regarding our compliance processes3

Money laundering: Capital One Bank fined $100 million in U.S.
News & Trends •
reutersnan a leading bank regulator on tuesday fined capital one bank 100 million dollars for failing to enforce anti-money laundering controls that have been in place for years3 capital one failed to satisfy a 2015 consent order that demanded the bank improve its anti-money laundering policies the office of the comptroller of the currency occ said in a statement3 the bank failed to timely achieve compliance with the 2015 consent order the occ said in a new consent order that outlined the fine3 capital one said it disclosed the issue to the occ in july 20153 the consent order emanates primarily from prior banking relationships with certain cheque cashing service providers a business we made the decision to exit in 2014 the bank said3 since that time we have worked diligently with our bank regulators to strengthen our processes and internal controls to ensure we address any concerns regarding our compliance processes3