Global Investigations Review - The law and practice of international investigations

US Bancorp enters two-year DPA over “highly inadequate” AML programme

By Waithera Junghae

15 February 2018

US Bancorp enters two-year DPA over “highly inadequate” AML programme US Bank in Beverly Hills iStock.com/emyu

The fifth-largest commercial bank in America has agreed to pay $613 million to four US authorities including the US Department of Justice for violations of the US Bank Secrecy Act and anti-money laundering rules.