CZ Takes Aim at Bank of America Over $1.21 Billion AML Penalty

Binance founder Changpeng Zhao (CZ) took a swipe at Bank of America on Wednesday after the banking giant was slapped with more than $1.21 billion in federal penalties for anti-money laundering (AML) and sanctions violations. Regulators found the bank failed to timely report more than $5 billion in suspicious transactions, yet no executives faced criminal charges. Zhao’s pointed commentary drew attention to that distinction, with other cryptocurrency commentators joining the discussion.

Source: Bitcoin.com News