Online reaction mocks Treasury for fining a bank over sanctions
3 Oct 13 4:40 PM · 1d ago · 9 articles · 8 posts · 4 sources · development 3 of 6
Social media commenters reacted with skepticism and irony, some noting the Trump administration's own sanctions-related dealings, others questioning whether the penalty would change bank behavior.
“Trump's USTreasury Department is imposing $1.2 billion in fines on Bank of America for allegedly violating anti-money laundering and sanctions laws....hold on...hold on....😂 I can't even finish the sentence 😂 this is so rich.”
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Scott Bessent U.S. Treasury SecretaryBank of America Fined institution, second-largest U.S. bankBernard Mensah President of International, Bank of AmericaAlastair Borthwick CFO, Bank of AmericaFinCEN / OCC / OFAC U.S. regulators (Treasury's Financial Crimes Enforcement Network, Office of the Comptroller of the Currency, Office of Foreign Assets Control)
The whole story articlesvideospostscomments the bright band is this development · numbered dots are the others · click one to jump
Reported in the same hours no headline names this development itself — these 1 claim were published in its stretch
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first by Seeking Alpha, 1d ago · also WSJ Markets, Washington Examiner, Associated Press, NY Post, KTVZ-TV, Axios
5 more headlines
- Bank of America to Pay $1.21 Billion to Settle Violations of Money Laundering, Sanctions laws WSJ Markets · 1d ago
- Treasury fines Bank of America $1.2 billion for violating anti-money laundering laws Washington Examiner · 1d ago
- Bank of America hit with $1.2B fine for money laundering, sanctions violations Associated Press · 1d ago
- Bank of America fined $1.2 billion by Treasury Department for anti-money laundering and sanctions law violations KTVZ-TV · 1d ago
- Bank of America hit with $1.2 billion penalty over money laundering allegations Axios · 1d ago
What people said 5 voices · best of 6 · verbatim
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🚨 BREAKING: In a massive move, Treasury Sec. Scott Bessent just slapped $1.21 BILLION in penalties on BANK OF AMERICA, which facilitated suspicious transactions involving CHINA and other nations The bank racked up 475 apparent sanctions violations involving Iran, Russia,
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Trump's USTreasury Department is imposing $1.2 billion in fines on Bank of America for allegedly violating anti-money laundering and sanctions laws....hold on...hold on....😂 I can't even finish the sentence 😂 this is so rich.
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BREAKING: Bank of America has been fined $1.2 billion over money-laundering violations. Bank of America admits willfully violating Bank Secrecy Act regulations and failing to “timely report” more than $5 billion in “suspicious” transactions, the Treasury has said.
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How can the Trump administration fine BofA for violating sanctions laws when the same administration is violating a sanctions law with the Russia diesel deal? What don't I get here?
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F
Now do Trump. US hits Bank of America with $1.2 billion fine, saying it violated money laundering, sanctions laws.
All 6 developments of Bank of America fined $1.2bn for money-laundering and… →
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