Reposted by @judylu.bsky.social
A slap on the wrist for Bank of America.
CEO Brian Moynihan owes Congress answers, and we need a criminal investigation into the apparent violation of our anti-money laundering laws.
I’ve long said big bank CEOs should be held personally accountable if their banks break the law.
wsj.com
Bank of America to Pay $1.2 Billion to Settle Violations of Money Laundering, Sanctions Laws
The Treasury Department and regulators say bank missed $5 billion of suspicious activity.