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Tampa Money Transmitter to Pay $12,000 to Settle Charges of AML Failings

By Brian Monroe

Tampa money services business El Noa Noa Corp. agreed to pay U.S. regulators $12,000 to settle charges that it failed to file dozens of currency transaction reports and repeatedly ignored warnings to adopt a written anti-money laundering program. El Noa Noa Corp., which offers check cashing, wire transfer and phone card services, failed to file CTRs on 66 transactions that exceeded the $10,000 reporting threshold between January 2004 and May 2005, the U.S. Treasury's Financial Crimes Enforcement Network said in a civil money penalty issued Monday. The transactions totaled $1.03 million. El Noa Noa, which is located in a designated...

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