US Fines Bank of America $1.2 Billion, Alleging AML and Sanctions Violations

Three federal agencies have imposed penalties totaling more than $1.21 billion on Bank of America, alleging that the bank violated anti-money laundering and sanctions laws, according to a Tuesday (Oct. 13) press release issued by the Treasury Department. The penalties imposed on Bank of America include the third largest one ever imposed by the Treasury Department and the largest […] The post US Fines Bank of America $1.2 Billion, Alleging AML and Sanctions Violations appeared first on PYMN