Bank of America hit with $1.2bn fine for money laundering failings
Source: Kahawa Tungu
Summary
Bank of America has been fined $1.2bn (£910m) for failing to detect potential money laundering and other illegal activity, the US Treasury Department said on Tuesday. The banking giant failed to report over $5bn in suspicious activity to the government, $1bn of which posed national security and illicit finance risks, the Treasury said. Those failures [...] The post Bank of America hit with $1.2bn fine for money laundering failings appeared first on Kahawatungu.