Bank of America Pays $1.2 Billion Fine Over Laundering Failures
Summary
Bank of America was fined $1.2 billion by the Treasury Department for failing to report $5 billion in suspicious activity, marking the third-largest fine in US Treasury history and potentially impacting its third-quarter earnings.
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- Bank of America to Pay $1.2 Billion to Settle Violations of Money Laundering, Sanctions Laws
- Bank of America fined $1.2 billion over money laundering violations
- Breaking Down Bank of America’s Third-Quarter Earnings
- The Morning Risk Report: Bank of America to Pay $1.2 Billion to Settle Violations of Money Laundering, Sanctions Laws