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‘The biggest financial institutions are not above the law’: Bessent hits BofA with $1.2 billion fine for money laundering—the third-largest in history

Headline as filed by Fortune.

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Publisher Headline Summary Published Detected Delay Source Status
Fortune ‘The biggest financial institutions are not above the law’: Bessent hits BofA with $1.2 billion fine for money laundering—the third-largest in history
The penalty includes $750 million that will go to the U.S. Office of the Comptroller of the Currency, the largest fine ever imposed by that federal bank regulatory agency.
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