https://www.tftc.io/bank-of-america-fine-samourai-two-tier-justice
Bank of America admitted to willfully breaking the Bank Secrecy Act for seven years. It faced over $1.2 billion in penalties and failed to report more than $5 billion in suspicious transactions. The OCC and Treasury say the bank prioritized revenue over compliance.
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#bank #compliance #finance #banking
Bank of America admitted to willfully breaking the Bank Secrecy Act for seven years. It faced over $1.2 billion in penalties and failed to report more than $5 billion in suspicious transactions. The OCC and Treasury say the bank prioritized revenue over compliance.
Image:
Image:
#bank #compliance #finance #banking
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Categories: General [c1]