NEW YORK - Atlantic Bank of New York pleaded guilty to three counts of violating the Bank Secrecy Act and was ordered to pay $1.1 million, according to the Justice Department.

The bank will pay a $1 million criminal fine and a $100,000 civil fine for violations between January 1987 and July 1989, said the office of the U.S. attorney for the Eastern District of New York.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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