EconomyBank of America backed crypto AML rules but reported over $5 billion in suspicious activity late
In December 2023, Senator Elizabeth Warren asked Bank of America CEO Brian Moynihan whether crypto firms handling financial transactions should face the same anti-money-laundering rules as banks. He agreed. On Oct. 13, Treasury announced more than $1.2 billion in penalties against the bank, and FinCEN said it admitted to willful violations.
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CryptoSlate★★★☆☆2026-10-14 10:10Original
Bank of America backed crypto AML rules but reported over $5 billion in suspicious activity late
Economy