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Months later, the founder and CEO of Binance, Changpeng Zhao, was sentenced to four months in prison after pleading guilty to failing to maintain an effective anti-money laundering program on his platform, which allowed transactions linked to criminal activities, including child sexual abuse, drug trafficking, and terrorism, to be processed. #BankOfAmerica #BlanqueoDeCapitales #SancionesFinancieras (translated)

"When a bank of this size fails to meet its obligations regarding the fight against money laundering, the consequences far exceed its four walls, exposing the entire U.S. financial system to significant risks of illicit financing," declared Treasury Secretary Scott Bessent in a statement. #BankOfAmerica #BlanqueoDeCapitales #SancionesFinancieras (translated)

"Financial institutions are on the front line of protecting our economic and national security. When a bank of this size fails to meet its obligations regarding anti-money laundering and sanctions, the consequences extend far beyond its own facilities, exposing the entire U.S. financial system to significant risks of illicit financing," explained Treasury Secretary Scott Bessent in a statement. #BankOfAmerica #LavadoDeDinero #SancionesFinancieras (translated)

The U.S. Department of the Treasury has fined Bank of America $1.2 billion for violations of anti-money laundering laws and sanctions related to Iran, Russia, and drug trafficking groups, marking the third-highest penalty in history. #BankOfAmerica #LavadoDeDinero #SancionesFinancieras (translated)