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Capital One fined $290 million over US anti-money-laundering failures

By Richard Vanderford ( January 15, 2021, 22:46 GMT | Insight) -- Capital One has been fined another $290 million in the US for its failure to file serious-activity reports and failure to maintain an effective anti-money-laundering program. The wrongdoing centers on a unit at the bank that processed money for check-cashing businesses in the New York City area. Capital One, in 2015, was fined $100 million by the Office of the Comptroller of the Currency over related misconduct.Capital One has been fined another $290 million in the US for its failure to file serious-activity reports and failure to maintain an effective anti-money-laundering program....

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