BofA gets $1.21B penalty for money laundering

T1Covered by 1 source · first reported by American Banker (headlines) at 13 Oct, 21:38 UTC

The Treasury Department and Office of the Comptroller of the Currency Tuesday announced that they had found the bank had processed over $5 billion in unreported suspicious transactions and committed hundreds of sanctions violations.

fintechpolicy

Sources

• T1BofA gets $1.21B penalty for money launderingAmerican Banker (headlines)13 Oct, 21:38