A New York bank paid a currency reporting fine.
Norstar Bancorp of Albany agreed to pay a $269,904 penalty to settle allegations that it had committed 1,227 violations of a federal currency reporting law between 1980 and 1985, the Treasury Department said. The bank joined a growing list of institutions fined under the Bank Secrecy Act, which requires banks to report any cash transaction over $10,000 to the government.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.