Personal Liability for Failure to Comply with Bank Secrecy Act

Mcguire Woods reports that the Financial Crimes Enforcement Network FinCEN announced on August 20, 2014, that it had reached an agreement with a casino official permanently barring him from working in financial institutions as a result of his willful violations of the Bank Secrecy Act BSA.

via Subject To Inquiry | McGuireWoods LLP.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.