Bank of America was fined more than $1.2 billion for failures in its anti-money laundering measures.
Americas2 sources2 countries🔦 Under-reported43m ago
The United States Department of the Treasury has imposed fines and sanctions exceeding USD 1.2 billion against Bank of America. The penalties were issued following a determination that the financial institution failed to comply with established anti-money laundering obligations and international sanctions programs.
In a separate legal development involving the banking sector in Argentina, the Federal Chamber of Criminal Cassation has confirmed asset seizures totaling up to 31.233 billion pesos. This action concerns former executives and employees of BNP Paribas, who are facing allegations of illicit association and aggravated money laundering.
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How the coverage differs
Same story, different emphasis — here's what each outlet chose to lead with.
Infobae (BNP Paribas coverage)Focuses on domestic Argentine judicial actions against BNP Paribas executives
Infobae (Bank of America coverage)Focuses on U.S. regulatory penalties for international compliance failures
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