Bank of America fined $1.2bn over claimed sanctions breaches
Bank of America was ordered to pay more than $1.2 billion in fines after the Treasury Department said the company breached anti-money laundering and sanctions laws, the agency said on Tuesday. The Treasury Department said the fine is the third-largest in its history. Bank of America was also ordered to pay $750 million to the Office of the Comprotroller of the Currency, the largest ever issued by…
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