# Bank of America Violates Bank Secrecy Act

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

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Canonical URL: https://qwibbit.com/q3138

Created: 2026-10-14T18:26:33.556345+00:00

Last edited: 2026-10-14T18:26:33.556345+00:00

Board: 3

Origin: Syndicated

Original source: https://www.tftc.io/bank-of-america-fine-samourai-two-tier-justice