Bank of America fined $1.2 billion for failing to report suspicious transactions
Summary
The US Treasury Department said Bank of America was fined a total of $1.2 billion for failing to timely report more than $5 billion in suspicious transactions, including some tied to national-security risks, and the bank admitted to willfully violating the Bank Secrecy Act, while OFAC separately settled alleged sanctions violations with it for $11.6 million.
This summary was written by a language model from the 5 sources listed below.
Extract from the source
Ministarstvo finansija SAD-a je saopćilo da je riječ o trećoj najvećoj kazni u historiji te institucije. Kazna od 750 miliona dolara koju je izrekao Ured
Main source
Locations
- Sjedinjene Američke Države · Country
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Sources (5)
- 06:39 AMKlix.baOpen the original
- 06:43 AMIndex.hrOpen the original
- 07:13 AMOslobođenjeOpen the original
- 07:14 AMDnevni avazOpen the original
- 07:49 AMN1 BiHOpen the original
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Severity
Total — strong signal (40–69)