quoting🇺🇸 Bank of America gets hit with a $1.2B penalty after failing to report over $5B in suspicious transactions and violating anti-money laundering regulations.
nevent1q…hahh
This places them $3.8B in profit post-fine.
For Wall Street, a fine like this is just a slap on the wrist. No prison, no criminal charges for executives, just business as usual.
If a #Bitcoin entity allowed this, Capitol Hill would be holding emergency hearings to ban it altogether.
The double standard in legacy finance is wild...