The Treasury Department announced that Bank of America failed to adequately monitor for potentially illegal activity in its accounts. As a result, the department has imposed a penalty of $1.2 billion, which is noted as the third largest in the department's history.
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Treasury Department imposes $1.2 billion penalty on Bank of America
The Treasury Department has imposed a $1.2 billion penalty on Bank of America for failing to monitor potentially illegal activities in its accounts. This penalty is the third largest in the history of the department.
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Treasury Department imposes $1.2 billion penalty against Bank of America
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Treasury Department imposes $1.2 billion penalty on Bank of America