Mmastodon BusinessBanking first seen 3 d ago, last 3 d ago, peak #3
Bank of America hit with $1.21 billion penalty
Original: BofA gets $1.21B penalty for money laundering The Treasury Department on Tuesday announced $1.21 billion in penalties ag
The Treasury Department announced $1.21 billion in penalties against Bank of America on Tuesday for anti-money-laundering and sanctions violations. It ranks among the larger enforcement actions against a major US bank in recent years, and financial industry observers are sharing the news and discussing its implications for compliance practices at large banks.
Why now: A major US bank receiving a multibillion-dollar money-laundering penalty is significant financial news
Bank of AmericaUS Treasury Department
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