Bank of America Fined $1.2 Billion for Sanctions Violations

The US Treasury Department announced that Bank of America, the country's second-largest bank, has been ordered to pay more than $1.21 billion in fines for violating anti-money laundering and sanctions laws.

The US Department of Treasury announced that Bank of America, as the country's second largest bank, has been fined more than $1.21 billion for violating anti-money laundering laws and sanctions.