USAA Is Fined $140 Million for Bad Money Laundering Controls - The New York Times

Regulators say the bank, which mainly serves U.S. military members, failed to keep track of its customers’ suspicious activities despite repeated warnings that it needed to improve.

Federal regulators have fined USAA Federal Savings Bank, a century-old institution that mainly does business with members and veterans of the U.S. military, for failing to follow anti-money launderin… [+1063 chars]

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