A New York bank paid a currency reporting fine.
Norstar Bancorp of Albany agreed to pay a $269,904 penalty to settle allegations that it had committed 1,227 violations of a federal currency reporting law between 1980 and 1985, the Treasury Department said. The bank joined a growing list of institutions fined under the Bank Secrecy Act, which requires banks to report any cash transaction over $10,000 to the government.
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