BofA executive Bernard Mensah defends compliance efforts in Bangkok
5 Yesterday · 1d ago · 17 articles · 7 posts · 2 comments · 5 sources · development 5 of 6
Speaking to CNN's Richard Quest at a panel in Bangkok, Bank of America's president of international said the bank takes financial crimes compliance seriously and is working to meet regulatory standards.
“Financial crimes compliance is very serious and really important. We we take it very, very seriously. We spent a huge amount of resources, trying to get it right, and we think we are getting it right.”
Bernard Mensah
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)
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Reported in the same hours no headline names this development itself — these 5 claims were published in its stretch
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first by Euronews.com, 1d ago · also Euronews, Investing.com News, Reuters, The Globe and Mail, South China Morning Post, CNBC +2
5 more headlines
- Money laundering failures land Bank of America with a $1.2 billion fine Euronews · 1d ago
- Bank of America profit hurt by $1.2 billion fine over anti-money laundering shortcomings Investing.com News · 1d ago
- Bank of America fined US$1.21 billion for suspected Chinese money laundering South China Morning Post · 1d ago
- Bank of America fined $1.2 billion over money laundering violations CNBC · 1d ago
- Bank of America fined $1.2bn for money laundering failures Mastodon · 1d ago
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3 outlets US Fines Bank of America US$1.21 Billion
first by Rio Times, 1d ago · also Seeking Alpha, Yahoo Finance
2 more headlines
- Bank of America plunges as Q3 earnings hit by Treasury Department's $1.2B fine Seeking Alpha · 1d ago
- Bank of America Just Got Hit With a $1.2 Billion Fine. It Reports Earnings This Morning Yahoo Finance · 1d ago
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first by TradingView, 1d ago · also Quartz
1 more headline
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first by CNBC, 1d ago
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first by Newsweek, 1d ago
What people said 2 voices · verbatim
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This is exactly why the whole “War on Drugs” has been a joke from the start. Everyday people get harassed , arrested and jailed, and we all give up normal privacy, while the banks have been facilitating money laundry all along.
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"failed to identify and report more than $5 billion in suspicious transactions" - Ok so they didnt snitch on their customers enough?
All 6 developments of Bank of America fined $1.2bn for money-laundering and… →
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