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Bank of America fined $1.2 billion by Treasury Department for money laundering and sanctions laws violations

Bank of America fined $1.2 billion by Treasury Department for money laundering and sanctions laws violations
Photo: KVIA ABC-7 · view original

By Samantha Delouya, CNN (CNN) — The US Treasury Department on Tuesday announced it was imposing a more than $1.2 billion fine on Bank of America, accusing the bank of violating anti-money laundering and sanctions laws. The bank, which is the second-largest in the US, failed to mitigate and repor...

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