A Texas bank was fined for currency violations.
Interfirst, a bank holding company based in Dallas, agreed to pay the government $315,000 in penalties for failing to report 1,261 large cash transactions. Interfirst is the 15th bank to be fined in a government effort to discourage laundering of money from drug dealing and other illegal activities.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
