Bank of America Fined More Than $1.2 Billion for Money Laundering
Legal·5 articles across 5 outlets·↩ Updated
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Bank of America was fined more than $1.21 billion for money laundering and sanctions violations by US regulators.
The bank failed to flag $5 billion in suspicious transactions linked to suspected illicit finance from China and the southern US border.
Bank of America
Sources
Every quote below is verbatim from the article it is attributed to.
SourceReports the news
“Bank of America was fined more than $1.21 billion for money laundering and sanctions violations by US regulators.”
Bloomberg — Bank of America Fined More Than $1.2 Billion for Money-Laundering“US bank failed to flag $5bn in suspicious transactions linked to suspected illicit finance from China and the southern US border”
FT — Bank of America fined $1.2bn over money laundering failures“Federal regulators said the bank had waved through suspicious transactions without proper care.”
ny times — Bank of America Pays $1.8 Billion Fine for Lax Money-Laundering Oversight
Earlier versions
- Oct 13, 8:00 PM — Bank Of America Fined $1.2bn Over Money Laundering Failures (1/1)