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Bank of America ordered to pay $1.2 billion over sanctions violations

Original: ⚡ NEWS Bank of America Ordered to Pay $1.2 Billion for Sanctions Violations A U.S. court ordered Bank of America to pay

A U.S. court has ordered Bank of America to pay a $1.2 billion penalty for alleged violations of sanctions laws. The fine is described as one of the largest ever imposed on a financial institution for sanctions-related breaches, drawing attention to compliance practices at major banks.

Why now: The record-scale penalty against one of America's largest banks is drawing attention across financial and news circles.

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• ⚡ NEWS Bank of America Ordered to Pay $1.2 Billion for Sanctions Violations A U.S. court ordered Bank of America to pay a historic $1.2 billion penalty for alleged violations of sanctions laws. This marks one of the largest fines imposed on a financial institution for such… · GeoWire · 4

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