Case Studies

This page contains links to articles about Banks who have been fined for money laundering/compliance violations. They reinforce the fact that banks must take measures to ensure compliance with the USA Patriot Act, OFAC, and BSA, otherwise they will be subject to harsh fines and a battered reputation.

Riggs Fined $25 Mln in Laundering Probe
Riggs May Be Fined Over Bank Secrecy Act
Manhattan Banks Being Scrutinized in Laundering Investigation
UK Bank Fined for Money Laundering
Bank Fined Over 'Laundering' Controls
Banking Department Fines Western Union $8 Million for Violating Bank Secrecy, USA Patriot, New York Banking Laws
Puerto Rican Bank Accused of Money Laundering Fined $21.6 Million
Spitzer, McCaul Reach $5 Million Resolution In Money Laundering Investigaction
Laundering Mileston Reached as Two Mexican Banks Convicted
Bank Fined 1.25 Million Pounds for Bad Record Keeping
State Bank Fined $7.5m by US Regulators
US Banks Fined Over Enron