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      Bank of America Fined Over $1.2 Billion for 475 Sanctions and Anti-Money Laundering Violations

      PANews, October 14 – According to a Bloomberg report, Bank of America has been fined more than $1.21 billion by U.S. regulators over anti-money laundering and sanctions compliance issues. The Office of the Comptroller of the Currency (OCC) issued a $750 million civil penalty, a record for the agency, while the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) settlement involved 475 alleged violations of sanctions programs, including those related to Russia and Iran. Regulators also issued a consent order against the bank.


      Source: PANews
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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud