US Fines Bank of America $1.2 Billion, Alleging AML and Sanctions Violations
By PYMNTS
Source excerpt · PYMNTS
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 Fi…