Bank of America Sued by Investors Who Claim Bank Hid Anti-Money-Laundering Failures Before Over $1,210,000,000 in Penalties
A class action lawsuit has accused Bank of America of hiding major anti-money-laundering failures from its investors. The suit alleges the bank assured shareholders that its compliance programs were sound while its systems were failing, reports InvestmentNews. The complaint was filed in federal court in New York on…
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