U.S. Treasury Department
3 mins read
US hits Bank of America with $1.2 billion fine, saying it violated money laundering, sanctions laws
WASHINGTON | The U.S. Treasury Department said Tuesday that it’s imposing $1.2 billion in fines on Bank of America for allegedly violating anti-money laundering and sanctions laws. The fines on America’s second-biggest bank amount to the third-largest in the department’s history. “When a bank of this size fails to meet its anti-money laundering and sanctions […]