IT'S OFFICIAL: Scott Bessent's Treasury Department "is imposing a $1.2 BILLION fine on Bank of America for allegedly violating anti-money laundering laws and sanctions"
Bank of America ADMITTED it willfully broke federal anti-money laundering law.
Treasury says the bank failed to report more than $5 BILLION in suspicious transactions on time
More than $1 billion of that was tied to Chinese 🇨🇳🏴☠️🐍🐲money-laundering networks and illicit finance along the southwest border
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