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Bank of America ordered to pay historic $1.2 billion over alleged sanctions law violations

Bank of America ordered to pay historic $1.2 billion over alleged sanctions law violations
Photo: NBC 5 Dallas-Fort Worth (KXAS) - Top Stories · view original

Bank of America on Tuesday was ordered to pay $1.2 billion to the U.S. Treasury Department after the agency said the company violated anti-money laundering and sanctions laws. The penalty is the third-largest ever in Treasury history, the agency said. As part of that total, the bank was ordered t...

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