BofA says U.S. may take action over money laundering, Zelle
Zelle is a banking consortium owned by FIs like JPM, Citi and Cap One, among others
Bank of America Corp. said US regulators may take action against the firm over its efforts to detect suspected money laundering and sanctions violations, as well as its handling of payments on the Zelle network. Regulators may issue public orders after examining the firm’s compliance programs “including transaction monitoring, training, governance and customer due diligence,” […]
