14 points | by hippich an hour ago
5 comments
“The bank's BSA Officer and staff lacked sufficient skills and expertise to effectively manage the bank's BSA/AML program."
That's extraordinary language from a federal regulator.
Not to be that guy but it sounds like a DEI issue...
so BoA made $12B and has to pay a 10% fine? bummer, that ...
Some more discussion: https://news.ycombinator.com/item?id=50080613
You'd think after TDs 3 billy they'd go higher. Probably hurt their own investments too much?
“The bank's BSA Officer and staff lacked sufficient skills and expertise to effectively manage the bank's BSA/AML program."
That's extraordinary language from a federal regulator.
Not to be that guy but it sounds like a DEI issue...
so BoA made $12B and has to pay a 10% fine? bummer, that ...
Some more discussion: https://news.ycombinator.com/item?id=50080613
You'd think after TDs 3 billy they'd go higher. Probably hurt their own investments too much?