FinCEN Fines Trust Co. $1.5M For Ignoring Suspicious Activity
By Sarah Jarvis ( April 26, 2023, 10:44 PM EDT) -- A South Dakota-chartered trust company was ordered Wednesday to pay $1.5 million and update its compliance program to settle allegations from the U.S. Treasury's Financial Crimes Enforcement Network that it ignored a host of suspicious activity tied to money laundering and fraud schemes....
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