Regulatory Alerts2000-04-19 | MSB99-009Added
Assessment of Civil Money Penalties in the Matter of Mex Pesos Currency Exchange
The Department of the Treasury assesses a civil money penalty of $50,000 against Mex Pesos for willfully violating the Bank Secrecy Act by failing to file Currency Transaction Reports for two exchanges exceeding $10,000. The entity must pay the penalty within five business days of the assessment date via certified check, bank cashier’s check, or bank money order made payable to the United States Department of the Treasury. Payment must be hand-delivered or sent by overnight mail to the Assistant Director and Chief Financial Officer at FinCEN in Vienna, Virginia, with a cover letter referencing the matter's caption and file number.
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