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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.

BBC News|Wed, 14 October 2026 at 02:05

The bank inadequately flagged transactions linked to potential Chinese money laundering networks, the Treasury said.

This summary was compiled from a public newswire feed. The original reporting is by BBC News and remains their copyright — read it at the source.