Financial institutions were assessed about $5.2 billion in fines, penalties and forfeitures in connection with Bank Secrecy Act and anti-money laundering violations from January 2009 to December 2015, but none of the fines stemmed from NCUA enforcement actions, the Government Accountability Office reported.
In total, the GAO reported financial institutions paid $12 billion during that period, but that total included fines related to foreign bribery and violations of U.S. sanctions program requirements.
A footnote in the GAO's financial crimes report stated NCUA officials said they had not assessed any penalties during that time period.
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