Fresh Today

Fresh Today

WASHINGTON––The Financial Crimes Enforcement Network (FinCEN) has assessed a $500,000 civil money penalty against the defunct Bethex Federal Credit Union, Bronx, N.Y., for significant violations of anti-money laundering (AML) regulations.

WASHINGTON–The Fed’s move to lift the target federal funds rate to between 0.5% and 0.75% was highly anticipated, and the market had priced in the increase during November, one analyst has noted.