Bank of America Fined Over $1.21 Billion for Compliance Failures
The U.S. Department of the Treasury fined Bank of America more than $1.21 billion over anti-money laundering and sanctions violations. The bank admitted to willfully violating the Bank Secrecy Act and failing to conduct due diligence.
S. 21 billion for violations of anti-money laundering and sanctions laws. The lender admitted to willfully violating the Bank Secrecy Act and failing to conduct due diligence…