Reposted by PcGuy8088
Bank of America on Tuesday was fined $1.2 billion, a near-record, for overlooking money laundering and other suspicious customer payments that crisscrossed between the U.S. and countries such as Russia, Belarus and Mexico. www.nytimes.com/2026/10/13/b...
nytimes.com
Bank of America Fined $1.2 Billion for Lax Money-Laundering Oversight
Federal regulators said the bank had waved through suspicious transactions without proper care.