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north dade community development federal credit union A Florida credit union was fined $300,000 for Bank Secrecy Act violations federal regulators said were so serious, they may have put the entire U.S. financial system at risk.

The $3.6 million North Dade Community Development Federal Credit Union of Miami Gardens, Fla., admitted it committed numerous anti-money laundering failures from 2009 to 2014. The violations involved transactions from known high-risk areas such as Central America, the Middle East and Mexico, according to an assessment of civil penalty filed Nov. 25 by the Financial Crimes Enforcement Network.

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