Bank of America stock falls in the wake of a historic $1.2 billion fine after it failed to report financial crime

The U.S. Treasury’s penalty against BoA is its third largest ever, behind fines against Binance and TD Bank. Here’s what happened.

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Bank of America has been fined over $1.2 billion for violating anti-money-laundering and sanction laws. 

On Tuesday, October 13, the U.S. Department of the Treasury handed down the fine, stating that........

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