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BAC Bank of America Corporation

37.33
0.45 (1.22%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Bank of America Corporation NYSE:BAC NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.45 1.22% 37.33 37.53 37.08 37.25 34,082,664 01:00:00

BofA to Pay $16.6 Million to Settle Alleged Sanctions Violations -Reports

24/07/2014 4:22pm

Dow Jones News


Bank of America (NYSE:BAC)
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Bank of America Corp. (BAC) has agreed to pay $16.6 million to settle allegations the bank processed transactions for drug traffickers subject to sanctions, the Treasury Department said Thursday, according to reports.

Bank of America processed hundreds of transactions for narcotics traffickers between 2005 and 2009, Reuters reported on its website, citing Treasury Department's Office of Foreign Assets Control.

The Fox Business Network also reported news of the settlement.

Full story at: www.reuters.com/article/2014/07/24/bankofamerica-sanctions-settlement-idUSL2N0PZ18520140724

Write to nymonitoring@dowjones.com

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