The Financial Crimes Enforcement Network has hit two banks with fines under the Bank Secrecy Act.

California's Sacramento First National Bank paid a civil money penalty of $20,000 for not filing currency transaction reports. Between 1987 and 1992, the bank failed to file the reports on four customers who transferred money and cashed checks through the bank.

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.