Capital One and Their Epstein Related SARS Problem

In 2021, Capital One agreed to pay a staggering $390 million penalty after U.S. regulators determined the bank had willfully failed to comply with anti–money laundering requirements. The investigation revealed that Capital One allowed millions of suspicious transactions to flow through its check-cashing operations between 2008 and 2014 without filing the necessary suspicious activity reports. These lapses enabled potential money laundering and other illicit financial activities to slip past the very safeguards designed to prevent them. The Financial Crimes Enforcement Network (FinCEN) described the bank’s conduct as a serious breakdown in oversight, especially troubling for a major institution trusted with safeguarding the financial system.

To contact me:

bobbycapucci@protonmail.com


source:

https://www.wsj.com/articles/capital-one-settles-with-fincen-over-anti-money-laundering-deficiencies-11610750699

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