Anti-Money Laundering (AML) and Bank Secrecy Act (BSA) Investigators Unpaid Overtime Class Action

Stephan Zouras, LLP represents Anti-Money Laundering and Bank Secrecy Act Investigators in a nationwide class and collective action lawsuit.

Based on recent precedent and guidance from the U.S. Department of Labor, Anti-Money Laundering (AML) and Bank Secrecy Act (BSA) Investigators are typically misclassified as “exempt” from overtime.  Employers must compensate these individuals at a rate of one-and-a-half times their regular rate of pay for all time worked in excess of 40 hours in any given workweek.

On August 15, 2017, the firm filed a nationwide class and collective action lawsuit against U.S. Bank National Association to vindicate its misclassification of employees as “exempt” from overtime under federal and state wage laws.

Class members include anyone who worked as Anti-Money Laundering/Bank Secrecy Act Preliminary Investigators (“AML/BSA Preliminary Investigators”), Anti-Money Laundering/Bank Secrecy Act Special Investigators (“AML/BSA Special Investigators”) or other similarly-titled position anywhere in the United States during the last three (3) years.

Plaintiffs seek redress under the Fair Labor Standards Act “FLSA” and applicable state wage laws.  We seek to recover unpaid earned overtime wages, liquidated damages, attorneys’ fees and other damages.

If you work or worked for U.S. Bank or any other bank in a similar position and want more information on your rights, please contact us.

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