Regulatory Alerts2010-12-16 | 2010-5Added
In the Matter of Baltic Financial Services, Inc.
The Financial Crimes Enforcement Network assesses a civil money penalty of $12,000 against Baltic Financial Services, Inc. for failing to timely renew its registration as a money services business under the Bank Secrecy Act. The penalty is to be satisfied by four installments of $3,000, with the first payment due within five business days and subsequent payments due at 90, 180, and 270 calendar days. This assessment resolves the matter and constitutes a complete settlement of Baltic's civil liability for the described violations.
Topics
Share