NEW: Bank of America Hit with MASSIVE $1.2 Billion Fine Over Anti-Money Laundering Violations
Bank of America was hit with a massive $1.2 billion fine over anti-money laundering violations. The Treasury Department announced the record enforcement against Bank of America on Tuesday afternoon: The Financial Crimes Enforcement Network (FinCEN) assessed a $1.2 billion penalty for the Bank’s failure to mitigate and report priority national security risks, including Chinese Money Laundering Networks and illicit finance along the southwest border. The OCC