Answered

In United States v. Bank of New England, the bank was held criminally liable for the failure to file a currency transaction report, even though McDonough, who made the deposits, and Orlandella and Murphy, bank tellers who accepted the deposits and failed to file reports, were all found not guilty.

Select one:
A. True
B. False



Answer :

GinnyAnswer

Final answer:

The bank was held criminally liable for failing to file a currency transaction report despite individuals being found not guilty.


Explanation:

False: In the case of United States v. Bank of New England, although the individuals involved were found not guilty, the bank was held criminally liable for failing to file a currency transaction report. This situation demonstrates that the institution can be held accountable even if specific employees are acquitted.


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