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OCC Imposes $750 Million Assessment Against Bank of America for Deficient BSA/AML Compliance
Source: Office of the Comptroller of the Currency
Banking & LiquidityRegulation & LegislationLegal & Litigation
The OCC imposed a $750 million civil money penalty on Bank of America, N.A. for violations of the Bank Secrecy Act and implementing regulations. The OCC said the penalty is the largest in its history.
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