Tag: #ofac

Treasury Hits Bank of America With $1.21 Billion Enforcement Package Over AML, Sanctions Failures

Treasury fines Bank of America ~$1.21B for anti‑money‑laundering and sanctions lapses; penalties, remediation and lookbacks required through 2028.

$BAC, #bankofamerica, #aml, #fincen, #ofac, #enforcement

Tether Freezes $344 Million in USDT Linked to Iran’s Central Bank, OFAC Adds Wallets to Sanctions

Tether froze $344M in USDT across two Tron wallets after U.S. authorities linked them to Iran’s central bank and OFAC sanctioned the addresses.

#tether, #usdt, #iran, #ofac, #cryptocurrency