BofA Settles Potential US Sanctions Violations for $11.7 Million
The US Treasury Department says Bank of America agreed to an $11.7 million settlement resolving potential civil liability for 475 apparent violations of OFAC sanctions programs.
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08:20:29 PM UTC
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BofA settles potential US sanctions violation liability for $11.7 million, Treasury website shows
7 million settlement with Bank of America Corp, resolving potential civil liability related to 475 apparent violations of OFAC sanctions programs, a statement on the Treasury Department’s website said.