That B of A is doing stuff like this makes me very mad. Fines are not enough. Executives need to be tried for crimes. US hits Bank of America with $1.2 billion fine over money laundering | AP News
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.
They were apparently providing support to Iran, and Russia, as well as helping with Chinese money laundering.
Treasury said Bank of America also reached an $11.6 million settlement with the department’s Office of Foreign Assets Control over “apparent violations of numerous sanctions programs, including on Iran, Russia, narcotics, and global terrorism.”
Executives should not get a pass on aiding global terrorism.
Click thru for details. (Hat tip to ParlerNews.)
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