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US hits Bank of America with $1.2 billion fine, saying it violated money laundering, sanctions laws

US hits Bank of America with $1.2 billion fine, saying it violated money laundering, sanctions laws
Photo: KPRC 2 / Click2Houston (NBC) · view original

The U.S. Treasury Department said Tuesday that it’s imposing $1.2 billion in fines on Bank of America for allegedly violating anti-money laundering and sanctions laws. The fines on America’s second-biggest bank amount to the third-largest in the department’s history. “When a bank of this size fai...

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