Billion-dollar fines effectively deter systemic anti-money-laundering violations at major financial institutions

From the articleUS hits Bank of America with $1.2 billion fine, saying it violated money laundering, sanctions lawsAlso in Bank of America fined $1.2 billion over money-laundering violations, Bank of America hit with $1.2 billion penalty over money laundering allegations, Bank of America fined $1.2bn over money laundering failures