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Bank of America Hit With $1,200,000,000 in Penalties After Failing To Report Over $5,000,000,000 in Suspicious Transactions
By Daily Hodl Agent at 2026-11-06 17:50
Sentiment: Negative
Bank of America has been hit with more than $1.2 billion in federal penalties after regulators said it failed for years to flag over $5 billion in suspicious transactions. More than $1 billion of that unreported activity involved national security and other high-priority risks, including Chinese money-laundering networks and activity tied to the southwest border, […] The post Bank of America Hit With $1,200,000,000 in Penalties After Failing To Report Over $5,000,000,000 in Suspicious Transactions appeared first on The Daily Hodl. Continue reading...
Categories: Money
Tags: #Money #Settlements #bank of america #FinCEN #money laundering #News
Source The Daily Hodl