Capital One fined for violating U.S. anti-money laundering law, failed to file “thousands of suspicious activity reports” and “thousands of Currency Transaction Reports” with respect to a business unit known as the Check Cashing Group. reuters.com/article/us-cap…
“The $422 billion-asset admitted that it was negligent in failing to file the reports on roughly 50,000 transactions totaling more than $16 billion.” americanbanker.com/news/capital-o…
“The civil money penalty totaled $390 million, but Capital One was credited $100 million for a penalty that it paid to the Office of the Comptroller of the Currency in 2018.” 
The money in question belonged to the check cashing operations owned by
Domenick Pucillo. Pucillo and 5 other NJ men were sentenced for the laundering schemes linked to the Genovese organized crime family mycentraljersey.com/story/news/cri…
Domenick Pucillo. Pucillo and 5 other NJ men were sentenced for the laundering schemes linked to the Genovese organized crime family mycentraljersey.com/story/news/cri…
The sentences were the result of “Operation Fistful,” which discovered criminal schemes that generated millions of dollars through illegal loansharking, unlicensed check cashing, gambling, and money laundering
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