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US hits Bank of America with $1.2B fine for allegedly violating anti-money laundering and sanctions laws

Americas 3 sources 1 country 🔦 Under-reported 28m ago

The United States Treasury Department has imposed a $1.2 billion fine on Bank of America, the country's second-biggest bank, for alleged violations of anti-money laundering and sanctions laws.

According to the provided reports, the financial penalty represents the third-largest in the history of the department.

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Read the full story at the source PBS NewsHour · US ↗
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Covered by 3 sources