The US Treasury Department has fined Bank of America over $1.21 billion for widespread failures in its anti-money laundering (AML) protocols and for violating international sanctions. The penalties stem from enforcement actions by three regulatory bodies: Regulators issued a $1.2 billion penalty—which includes a record $750 million fine from the Office of the Comptroller of … Continue reading US fines Bank of America $1.2bn for money laundering, sanctions violations