BofA settles potential US sanctions violation liability for $11.7 million
BAC•The US Treasury Department's Office of Foreign Assets Control reached an $11.7 million settlement with Bank of America Corp to resolve potential civil liability for 475 apparent sanctions violations.
1. Settlement details
The US Treasury Department's Office of Foreign Assets Control reached an $11.7 million settlement with Bank of America Corp to resolve potential civil liability for 475 apparent violations of OFAC sanctions programs.
