Bank of America fined $1.2B over money laundering violations
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The Treasury Department is fining Bank of America $1.2 billion for allegedly violating anti-money laundering and sanctions laws. “When a bank of this size fails to meet its anti-money laundering and sanctions obligations, the consequences extend far beyond its own walls, exposing the entire U.S. financial system to significant illicit finance risks,” Treasury Secretary Scott Bessent said in a statement. “Today’s actions send a clear message that even the biggest financial institutions are not above the law.” The fines on America’s second-biggest bank amount to the third-largest in the department’s history. LiveNOW's Austin Westfall has more. Subscribe to LiveNOW from FOX! https://www.youtube.com/livenowfox?sub_confirmation=1 Where to watch LiveNOW from FOX: https://www.livenowfox.com Follow us @LiveNOWFOX on TikTok: https://www.tiktok.com/@livenowfox Raw and unfiltered. Watch a non-stop stream of breaking news, live events and stories across the nation. Limited commentary. No opin
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