Binance Square
#multaantilavado

multaantilavado

2,270 views
2 Discussing
PitbullChain
·
--
Article
Bank of America pays $1.21 billion: A warning for Venezuelan P2PThe U.S. Treasury Department has once again reshaped the global financial landscape. This time, the blow landed on Bank of America, the country’s second-largest bank, which agreed to pay $1.21 billion to settle a series of cases involving deficiencies in its anti-money laundering programs and violations of international sanctions. The amount makes it the third-largest penalty in the agency’s history, behind only the $4 billion Binance paid in 2023 and the $3 billion TD Bank paid in 2024.

Bank of America pays $1.21 billion: A warning for Venezuelan P2P

The U.S. Treasury Department has once again reshaped the global financial landscape. This time, the blow landed on Bank of America, the country’s second-largest bank, which agreed to pay $1.21 billion to settle a series of cases involving deficiencies in its anti-money laundering programs and violations of international sanctions. The amount makes it the third-largest penalty in the agency’s history, behind only the $4 billion Binance paid in 2023 and the $3 billion TD Bank paid in 2024.
TraKING:
BofA’s fine highlights compliance gaps, not P2P risks. Focus on the actual mechanics of Venezuelan trades rather than bank penalties.
Log in to explore more content
Join global crypto users on Binance Square
⚡️ Get latest and useful information about crypto.
💬 Trusted by the world’s largest crypto exchange.
👍 Discover real insights from verified creators.
Email / Phone number