Treasury fines Bank of America $1.2B for violating money laundering, sanctions law

From The Hill

The Treasury Department on Tuesday announced it was fining Bank of America more than $1.2 billion for violating anti-money laundering and sanctions laws. The Treasury’s Financial Crimes Enforcement Network (FinCEN) fined Bank of America, the second-largest bank in the country, $1.2 billion for its failure to “mitigate and report priority national security risks,” the department…

Source Author
Author: Source Author

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *