Advertisement
YOU ARE HERE: LAT HomeCollections

BRIEFLY

November 10, 1987

The Supreme Court let stand the criminal conviction and the $1.2-million fine imposed on the Bank of New England for violating a federal cash reporting law designed to detect money laundering. The justices refused to hear an appeal by the Boston-based bank challenging its 31-count conviction last year for violating the law that requires banks to report cash transactions exceeding $10,000 to the Internal Revenue Service. Bank of New England is the nation's 18th largest.

Advertisement
Los Angeles Times Articles
|
|
|