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Three Agencies, One Message: Bank of America’s $1.96 Billion Penalty Is the Cost of Operating on Legacy Compliance
3 outlets reporting
$1.96B
Bank of America penalty
Three Treasury agencies moved against Bank of America in a single coordinated action on October 13, and the structure of the strike tells you more than the dollar figure does. FinCEN assessed $1.2 billion. The OCC added $750 million, its…