Regulatory Alerts2019-04-18 | 2019-01Added
Assessment of Civil Money Penalty in the Matter of Eric Powers
FinCEN assesses a civil money penalty of $35,350 against Eric Powers for willful violations of the Bank Secrecy Act, including operating as an unregistered money services business, failing to implement an anti-money laundering program, and failing to file suspicious activity and currency transaction reports. Powers consents to the penalty and agrees to permanently cease providing money transmission services and to not participate in the affairs of any financial institution located in or doing business in the United States.
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