Capital One fined $390M
The Financial Crimes Enforcement Network has enforced a $390 million civil penalty fine on Capital One for engaging in violations of the Bank Secrecy Act. The violations caused millions of dollars in suspicious transactions to go unreported at Capital One's Check Cashing Group from at least 2008 through 2014 according to a report in Finextra
Capital One acknowledged its failings and has since shut down the network and undertaken substantial remediation efforts.