Bank of America vows to fix compliance after $1.21B fine

Bank of America just admitted to willfully violating the Bank Secrecy Act, failing to report $5 billion in suspicious transactions—including $1 billion linked to national security risks and money laundering. While crypto is constantly vilified for weak compliance, the second-largest U.S. bank prioritized revenue over stopping illicit finance. With a fine that's less than 1% of their annual revenue, this is a meaningless slap on the wrist for a massive crime. Do you agree?
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