A US credit union official has been fined $100,000 for not flagging $1BN+ in high risk transactions – and will be sentenced on criminal charges in May. FinCEN assessed the $100,000 civil money penalty on Gyanendra Kumar Asre (Asre) for willful violations of the Bank Secrecy Act (BSA) and its implementing regulations. FinCEN’s action also…
AML, Banking, Compliance, Financial Crime, Regulatory, US
NEWS: AML executive at US credit union fined $100,000 for failing to flag $1BN in high risk transactions

FinCEN Director Andrea Gacki