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US Treasury fines Bank of America $1.2 billion over compliance failures

US Treasury fines Bank of America $1.2 billion over compliance failures
Photo: KXXV (ABC 25) News · view original

The U.S. Treasury Department said Tuesday that its imposing $1.2 billion in fines on Bank of America for allegedly violating anti-money laundering and sanctions laws. The fines on Americas second-biggest bank amount to the third-largest in the departments history. When a bank of this size fails t...

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