Bank of America Private Bank controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2000
Bank Secrecy Act compliance order and fine
U.S. Trust Corporation received a cease-and-desist order requiring stronger anti-money-laundering policies related to the Bank Secrecy Act and was fined $10 million.
1934
Treasury-bill theft from a company vault
Treasury bills were stolen in an incident associated with a French-based crime syndicate. The matter attracted federal attention, but employees were reported to have been fully exonerated of involvement.