# What does Bank of America’s historic fine mean for US-China capital flows?

https://mins.news/en/item/99731

- South China Morning Post, 2026-10-14 13:00 UTC
- Economy
- Original: https://www.scmp.com/economy/china-economy/article/3370870/what-does-historic-bank-america-fine-mean-us-china-capital-streams?utm_source=rss_feed

> The US Treasury imposed record fines totalling more than US$1.21 billion on Bank of America over compliance failures involving Chinese money-laundering networks. Analysts say the action could lead Western banks to scrutinize Chinese clients and cross-border transactions more closely. The Treasury called one penalty its third-largest on record and the largest in the history of the Office of the Comptroller of the Currency.

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