Bank of America fined $1.2 billion by Treasury Department for anti-money laundering and sanctions law violations

The US Treasury Department on Tuesday announced it was imposing a more than $1.2 billion fine on Bank of America, accusing the bank of violating anti-money laundering and sanctions laws.

​ The US Treasury Department on Tuesday announced it was imposing a more than $1.2 billion fine on Bank of America, accusing the bank of violating anti-money laundering and sanctions laws. Read More Breaking News, Latest News and Videos | CNN