Regulatory Alerts2011-12-15 | 2011-11Added
Assessment of Civil Money Penalty in the Matter of Frank E. Mendoza
FinCEN assesses a $25,000 civil money penalty against Frank E. Mendoza for willfully violating the Bank Secrecy Act by disclosing the existence of a Suspicious Activity Report to a person involved in the transaction and soliciting a bribe. Mendoza must pay the penalty to the United States Department of the Treasury within 90 calendar days of the assessment date. Compliance with this payment constitutes a complete settlement and release of Mendoza’s civil liability for the described violations.
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