Bank of America hit with $1.2bn fine for money laundering failings
The bank inadequately flagged transactions linked to potential Chinese money laundering networks, the Treasury said.
Covered by 2 sources ·
Every side
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BBC News
The bank inadequately flagged transactions linked to potential Chinese money laundering networks, the Treasury said.
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Al Jazeera
The second-largest US bank faces record penalties for failing to comply with money laundering and sanctions laws.