U.S. banks fined
The United States Treasury has fined four of the nation’s biggest banks a total of more than ?USI million (?NZ2.18 million) for their failure to report about 4900 large cash transactions between 1980 and 1984. Chase Manhattan, the third biggest US bank, was fined $U5360,000 for failing to report transactions involving about SUSBS3 million. Manufacturers Hanover, Chemical Bank and Irving Trust were fined from SUS2IO,OOO to SUS32O,OOO.The banks violated a requirement to report all cash transactions involving SUSIO,OOO or more.
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Press, 21 June 1985, Page 24
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83U.S. banks fined Press, 21 June 1985, Page 24
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