Regulators charge bank 613 Million for ‘wilful’ shortcomings in its anti-money laundering programme

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Bancorp Fined 613 Million for AML Failings

16th February, 2018

WASHINGTON (Reuters) – The U.S. Justice Department has reached a $613 million settlement with U.S. Bancorp (USB.N) over charges that it willfully failed to have an adequate anti-money-laundering program, the department said on Thursday.

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