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U.S. regulators just fined Bank of America $1.2 billion for admitted anti-money-laundering violations, including failure to report more than $5 billion in suspicious activity, with transactions potentially tied to Chinese money-laundering networks, narcotics trafficking, and fraud. Yet there was no press conference held to announce the fine, nor was Bank of America shut down. In contrast, no regulators fined my bank for anything related to money laundering, as an extensive investigation did not find a single suspicious transaction my bank failed to report. Yet regulators held a press conference to announce the suspension of my bank and offered the closure as evidence to demonstrate their power to disrupt money laundering on a global scale.