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BofA Fined $1.21B Over 'Widespread' AML Compliance Issues

Bank of America name logo in blue text on a red sign on a building exterior, with its stylized flag logo.

By Sarah Jarvis

Bank of America was hit with $1.21 billion in fines from the U.S. Treasury Department on Tuesday, with regulators alleging "widespread breakdowns in internal controls" related to the Bank Secrecy Act and anti-money laundering compliance at the nation's second-largest bank.


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  • 2nd Circ. Revives Lidl Worker's Unpaid Waiting Time Suit

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