Regulatory Alerts2014-07-15 | 2014-04Added
Assessment of Civil Money Penalty Against Mian, Inc. d/b/a Tower Package Store
FinCEN assesses a $45,000 civil money penalty against Mian, Inc. d/b/a Tower Package Store for willfully violating the Bank Secrecy Act between December 2010 and September 2013. The violations include conducting business as a money services business without continuous registration, failing to implement an effective written anti-money laundering program, and failing to timely or accurately file Currency Transaction Reports on transactions exceeding $10,000. Mian consents to the penalty and admits to these violations to resolve the enforcement matter.
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