BoA fined $1.2bn over "egregious" AML deficiencies
Bank of America (BoA) has been fined $1.2bn for its "deficient and ineffective" anti-money laundering (AML) process as well as "egregious and continued" violations of the Bank Secrecy Act (BSA).
We haven't written up this one. Finextra has the full story — the link below goes straight to it.