🎯 Bank of America fined $1.2 billion after another anti-money laundering failure
📰 Bank of America’s CEO admitted that gaps in its anti-money laundering controls led to a $1.2 billion fine. The bank is negotiating with the government on a remediation plan
💬 Its own anti-money laundering system is still riddled with holes, highlighting the value of traceable on-chain funds. Compliance costs keep piling up, and in the long run, money will move toward more transparent channels. No one can escape this trend
🏷️ #反洗钱 #合规 #传统银行 #FlowOfFunds
📰 Bank of America’s CEO admitted that gaps in its anti-money laundering controls led to a $1.2 billion fine. The bank is negotiating with the government on a remediation plan
💬 Its own anti-money laundering system is still riddled with holes, highlighting the value of traceable on-chain funds. Compliance costs keep piling up, and in the long run, money will move toward more transparent channels. No one can escape this trend
🏷️ #反洗钱 #合规 #传统银行 #FlowOfFunds