The Financial Crimes Enforcement Network (FinCEN) has enforced a $390 million civil money penalty on Capital One for engaging in both "willful and negligent" violations of the Bank Secrecy Act. The tongue lashing from the regulator relates to the failure to file suspicious activity and currency transactions reports at Capital One's Check Cashing Group. The violations occurred from at least 2008 through 2014, and caused millions of dollars in suspicious transactions to go unreported, including proceeds connected to organized crime, tax evasion, fraud, and other financial crimes. “The failures outlined in this ... (full story)