* They finally opened their eyes & saw the shxt hitting the fan down the road.

Bank of America was fined $1.2 billion (often referenced around $1 billion) in October 2026 by U.S. regulators for widespread failures in its anti-money laundering (AML) and sanctions compliance programs.
Key Reasons for the Fine:
• Failure to Report Suspicious Activity: The U.S. Treasury Department and the Office of the Comptroller of the Currency (OCC) stated that BofA failed to report more than $5 billion in suspicious transactions, including $1 billion tied to national security risks and priority illicit finance (such as Chinese money laundering networks and trade-based money laundering along the southwest border).

As part of the settlement, Bank of America admitted it willfully violated the Bank Secrecy Act by failing to maintain a compliant AML program, failing to conduct proper due diligence on foreign correspondent accounts, and improperly outsourcing a major share of its detection and reporting duties to third parties.

More.
https://www.pbs.org/newshour/economy/u-s-hits-bank-of-america-with-1-2-billion-fine-saying-it-violated-money-laundering-and-sanctions-laws

They FAFO

🫪