Regulatory Alerts2001-09-04 | 2001-01Added
Assessment of Civil Money Penalties Against Joseph A. Sivigliano
FinCEN assesses a civil money penalty of $100,000 against Joseph A. Sivigliano for willfully structuring currency transactions at Cash For Checks to evade Bank Secrecy Act reporting requirements between July 1995 and April 1996. Sivigliano cashed 136 checks totaling over $1.17 million on 43 separate days, keeping individual transaction amounts below the $10,000 threshold that triggers Currency Transaction Report filings. Sivigliano is required to pay the assessed amount within five business days via certified check, cashier’s check, or money order made payable to the United States Department of the Treasury.
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