Bank of America (BAC) agreed to a consent order with the Officer of the Comptroller of the Currency Monday to correct deficiencies within its anti-money laundering practices. The second-largest U ...

The recent order against Bank of America is based on violations ... to apply thorough remedial measures to improve its BSA/anti-money laundering (AML) and sanctions compliance programs.

She loves helping people learn about money. Claire is a senior editor ... or playing tourist in her free time. Bank of America is one of the largest financial institutions in the world.