NEW: Bank of America Hit with MASSIVE $1.2 Billion Fine Over Anti-Money Laundering Violations

Bank of America was hit with a massive $1.2 billion fine over anti-money laundering violations.

The Treasury Department announced the record enforcement against Bank of America on Tuesday afternoon:

• The Financial Crimes Enforcement Network (FinCEN) assessed a $1.2 billion penalty for the Bank’s failure to mitigate and report priority national security risks, including Chi...