#MONEY LAUNDERING

Bank of America hit with massive fine over anti-money laundering lapses

International financial regulators have imposed a substantial 1.2 billion dollar fine on Bank of America following extensive investigations into systemic failures within its anti-money laundering compliance framework. Au...

Treasury Department levies $1.2 billion penalty against Bank of America over compliance failures

The United States Department of the Treasury announced a monumental $1.2 billion financial penalty against Bank of America following extensive investigations into violations of federal anti-money laundering regulations a...