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BREAKING: Bank of America fined $1.2 billion over AML, fraud allegations relating to China

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COMPLIANCE COUNCIL: EU must fast-track anti-scam code for social media firms, says Regina Doherty MEP

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NEWS: FinCEN scraps plan to lower cross-border Travel Rule threshold to $250

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EUROPEAN NOTEBOOK: AMLA chief heads to Washington to gauge US intentions on standards and sanctions

By AML Intelligence Correspondents

BANK of America has been ordered to pay $1.2 billion to the U.S. Treasury Department over alleged China-related fraud, TBML and sanctions violations.

The penalty is the third-largest ever in Treasury history, the agency said. As part of that total, the Office of the Comptroller of the Currency (OCC) ordered the bank to pay a charge of $750 million, the largest-ever fine levied by the OCC.

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Premium

COMPLIANCE COUNCIL: EU must fast-track anti-scam code for social media firms, says Regina Doherty MEP

 Premium

NEWS: FinCEN scraps plan to lower cross-border Travel Rule threshold to $250

 Premium

EUROPEAN NOTEBOOK: AMLA chief heads to Washington to gauge US intentions on standards and sanctions

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