The Treasury's anti-money-laundering unit is taking more than four years, on average, to resolve violations of bank secrecy laws.

A report released Tuesday by the General Accounting Office showed that the Financial Crimes Enforcement Network is taking longer and longer to process bank secrecy cases referred by bank regulators, despite recommendations the GAO made in a 1992 study.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.