US Treasury fines Bank of America $1.2 billion over AML deficiencies
- —The US Treasury fined Bank of America $1.2 billion
- —The penalty cites deficiencies in AML controls
- —The announcement was made on October 13
- —Bitcoin traded near $83,000 ahead of CPI data
Why it matters: Tighter AML enforcement against major banks raises compliance pressure on crypto firms and their banking partners.
Source: Coinotag
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