JusticeHighReported
8.4
Bank of America Fined $1.2B+ for Sanctions and Money Laundering Violations
IranWire·US·about 9 hours ago
U.S. regulators fined Bank of America over $1.21 billion for willful violations of the Bank Secrecy Act and apparent sanctions violations. The bank admitted the violations and is investing billions to remediate. This marks a significant enforcement action, highlighting ongoing regulatory scrutiny of major financial institutions.
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