The US Treasury Department announced $1.21 billion in penalties against Bank of America for its lapses in anti-money laundering and alleged sanctions violations, and warned that enforcement of AML rules and federal Bank Secrecy Act compliance is a top priority.
Bank of America
Posted inRegulatory Enforcement
SEC accuses former Wall St. bankers, including BOA employee, of insider trading scheme
The SEC has charged two former Wall Street investment bankers with insider trading tied to the 2022 acquisition of energy company South Jersey Industries.
Posted inBanking
Deutsche Bank, Bank of America delayed flagging $420M in Epstein-linked transactions, Senator’s report says
Deutsche Bank and Bank of America took years to report more than $420 million in suspicious transactions connected to Jeffrey Epstein, according to a new report from Sen. Ron Wyden (D-Ore.), ranking member of the Senate Finance Committee.