US Fines Bank of America $1.2 Billion, Alleging AML and Sanctions Violations

T2Covered by 1 source · first reported by PYMNTS at 13 Oct, 22:51 UTC

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…

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Sources

• T2US Fines Bank of America $1.2 Billion, Alleging AML and Sanctions ViolationsPYMNTS13 Oct, 22:51