Investigations by the Department of Justice, the Department of the Treasury’s Financial Crimes Enforcement Network, and the Manhattan District Attorney’s office in New York focus on “certain former check-casher clients” of Capital One’s commercial banking business, the company said Thursday in its annual report.
Capital One also noted that it is already subject to a 2015 consent order with the Office of the Comptroller of the Currency “concerning regulatory deficiencies” in the bank’s anti-money-laundering program.