4. TREASURY - Banking Compliance Money Laundering Enforcement - MAX MAIZLISH 101526

1885 TREASURY DC

Banking Compliance Money Laundering Enforcement

Max Maizlish analyzes the Treasury Department’s historic $1.2 billion fine against Bank of America for failing to monitor and report over $5 billion in suspicious financial transactions. He details how illicit global networks exploit opaque shell companies to access Western liquidity, while internal bank conflicts prioritize high-revenue clients over compliance warnings. Maizlish advocates for increased Congressional funding and staffing for FinCEN, while strongly emphasizing the need for individual criminal prosecutions against complicit banking executives. (4)