Capital One Fined for Anti-Money-Laundering Deficiencies

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Treasury’s Financial Crimes Enforcement Network said the bank admitted it had failed to maintain effective controls in a check-cashing business.

The Treasury Department on Friday said it fined Capital One Financial Corp. for “willfully failing to implement and maintain” effective anti-money-laundering controls. As part of the settlement, Capital One admitted that it “willfully failed to file thousands of suspicious-activity reports,” according to the Treasury’s Financial Crimes Enforcement Network. The allegations pertain to a check-cashing group that Capital One acquired when it bought North Fork Bank in 2006.

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Subject: Christopher J. Meade

Subject of Interest

Christopher J. Meade is a member of BlackRock’s Global Executive Committee. He is the General Counsel and Chief Legal Officer of BlackRock. Before joining BlackRock, Mr. Meade was the General Counsel of the U.S. Department of the Treasury. Before joining Treasury, Mr. Meade was a partner with the law firm of Wilmer Cutler Pickering Hale and Dorr, where he was a member of the Litigation and Securities Departments. He received his A.B. from Princeton University, magna cum laude, and his J.D. from NYU Law School, magna cum laude, where he was the Editor-in-Chief of the Law Review.

Biography

Black Rock, Inc 

Filing: CMKM Diamonds Lawsuit Against the SEC

Filing

These Defendants, acting in the course and scope of their employment by the United States of America as duly authorized Commissioners of the Securities and Exchange Commission, a federal agency, through their acts and omissions knowingly, consciously, wrongly, without compensation and without due process of law have effected a taking of property from each of the named Plaintiffs and all who are similarly situated.

PDF (18 Pages): CMKM Lawsuit Against the SEC 9 January 2010