Social media reacts, some calling out administration hypocrisy
4 Yesterday 4:50 PM · 14h ago · 15 articles · 10 posts · 3 comments · 5 sources · development 4 of 5
Viral posts framed the fine as ironic given the Trump administration's own sanctions controversies and prior anti-debanking actions against big banks, including Trump's personal $5 billion suit against JPMorgan.
“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?”
jilldlawrence.bsky.social
Scott Bessent U.S. Treasury SecretaryBank of America Penalized bankFinCEN Treasury's Financial Crimes Enforcement NetworkOffice of the Comptroller of the Currency (OCC) Bank regulatorOffice of Foreign Assets Control (OFAC) Sanctions enforcement agency
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 2 claims were published in its stretch
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first by Seeking Alpha, 14h ago · also WSJ Markets, Fox Business, Washington Examiner, Associated Press, NY Post, KTVZ-TV +5
10 more headlines
- Bank of America to Pay $1.21 Billion to Settle Violations of Money Laundering, Sanctions laws WSJ Markets · 14h ago
- Bank of America hit with $1.2B in penalties over money laundering compliance failures Fox Business · 14h ago
- Treasury fines Bank of America $1.2 billion for violating anti-money laundering laws Washington Examiner · 14h ago
- Bank of America hit with $1.2B fine for money laundering, sanctions violations Associated Press · 14h ago
- Bank of America fined $1.2 billion by Treasury Department for anti-money laundering and sanctions law violations KTVZ-TV · 14h ago
- Bank of America hit with $1.2 billion penalty over money laundering allegations Axios · 14h ago
- Live: Bank of America fined $US1.2 billion for anti-money laundering failures ABC Australia · 14h ago
- Treasury fines Bank of America $1.2B for violating money laundering, sanctions law The Hill · 13h ago
- Bank of America Pays $1.8 Billion Fine for Lax Money-Laundering Oversight NYT Business · 12h ago
- Bank Of America Fined $1.2 Billion For Failing To Report $5 Billion In Suspicious Transactions, Including Chinese Money-Laundering Networks ZeroHedge · 12h ago
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first by The National UAE, 14h ago
What people said 8 voices · best of 9 · 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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G
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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Work in market infrastructure, 99% of the time this is the bank failing to detect money laundering, as opposed to being actively involved in it. No excuse for not picking it up with compliance and controls, for which banks are held responsible.
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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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J
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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TD Bank got hit with money laundering fines and restrictions on its US business. The stock is up 100% since then and profits are rolling in. None of this shit matters.
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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.
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“It’s clear that these poor CEOs aren’t making enough money leading them to crime. We should cut their taxes and give them billions in tax dollars”
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