đš TWO U.S. banks just got wrecked for AML failures in 2026:
âą Bank of America: $1.2B fine from FinCEN
âą American Express National Bank: $350M
BofA's crime? Failed to flag Chinese money-laundering networks + illicit finance at the southwest border. We're talking 38.7M consumer accounts + 4M+ small biz accounts exposed.
Meanwhile crypto still gets painted as the villain for financial crime.
The hypocrisy is insane. Hold TradFi to the same standard or shut up about $BTC being "dirty money."
Transparency > opacity. On-chain > black boxes.
âą Bank of America: $1.2B fine from FinCEN
âą American Express National Bank: $350M
BofA's crime? Failed to flag Chinese money-laundering networks + illicit finance at the southwest border. We're talking 38.7M consumer accounts + 4M+ small biz accounts exposed.
Meanwhile crypto still gets painted as the villain for financial crime.
The hypocrisy is insane. Hold TradFi to the same standard or shut up about $BTC being "dirty money."
Transparency > opacity. On-chain > black boxes.