Anti-Fraud & Financial Crime
Regulatory Intelligence Incorporating 'Fraud Squad'

AML, aml, Banking, Financial Crime, Financial Services

NEWS: Warren urges DoJ to open criminal probe into Bank of America over AML failings

PHOTO: U.S. Senator Elizabeth Warren.

By CARLO BOFFA, EU Correspondent US Senator Elizabeth Warren urged the Department of Justice (DoJ) to open a criminal investigation into Bank of America after US authorities fined the lender $1.2 billion for anti-money laundering breaches. “The documented violations by Bank of America allowed illicit actors to move billions through the U.S. financial system,” Warren…

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