Barnett Banks Inc. has agreed to pay the government $100,000 to settle charges of Bank Secrecy Act violations.

According to the Treasury Department's Financial Crimes Enforcement Network, Barnett illegally exempted two customers from reporting requirements for large currency transactions.

Fincen, which announced the settlement Wednesday, also charged that Barnett did not properly track another commercial customer's same-day cash withdrawals between 1993 and 1995.

The Bank Secrecy Act requires banks to keep detailed records and file reports with the government on cash transactions exceeding $10,000. The law also allows an institution to exempt some customers, but the bank may be fined for negligently granting exemptions.

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