US fines Bank of America $1.2b for anti-money laundering violations
WASHINGTON, United States (AFP) — The United States (US) Treasury Department said Tuesday that it is imposing penalties of more than $1.2 billion on Bank of America, citing "violations of anti-money laundering and sanctions laws." The second-largest US bank failed to properly report more than $5 billion in "suspicious transactions," the department said. Some of these involved risks related to…
Read original article on Jamaica Observer →Related news
-
KPH bursting at the seams
-
JC expresses disappointment at Walker Cup removal, rejects White’s claim
-
Integrity Commission flags $11.5 billion in same-day single-source contracts
-
JCF seek person who recorded fatal Michael Manley Blvd crash
-
Seprod shareholders approve stock split, share issuance
-
UPDATE: Manchester taxi operator accused of shooting spouse nabbed in St Elizabeth
-
Ophthalmologist visit under microscope as Ruel Reid and Co fraud trial continues
-
Guyana Opposition Leader arrested after shooting near senior cop’s home