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Home / News / US Bank pays $613 million over money laundering charges

US Bank pays $613 million over money laundering charges

U.S. Bancorp said Thursday it will pay $613 million in fines and penalties to settle allegations that the bank had poor anti-money laundering controls, which put the bank repeatedly at risk of being used as a conduit for criminals. The $613 million penalty is being split between multiple federal agencies. The bank will pay $453 million ...

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