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EconomyBank of America fined $1.2bn over money-laundering failures

Bank of America was fined $1.2bn after failing to flag $5bn in suspicious transactions linked to suspected illicit finance from China and the southern US border.

Bank of Americamoney launderingfine

FFinancial Times★★★☆☆2026-10-13 20:00Original

Bank of America fined $1.2bn over money-laundering failures
Economy