BofA Hit With Penalties of More Than $1 Billion Over Compliance Failures

Consider writing about:

Federal enforcement actions against Bank of America announced by the U.S. Department of the Treasury last month; compliance failures leading to more than $1 billion in penalties against the bank; what this case demonstrates regarding the U.S. government’s attention to sanctions violations and money laundering risks; related trends on the part of federal regulators; practical takeaways from the government’s actions against Bank of America.

Related information:

https://home.treasury.gov/news/press-releases/sb0657