Economic·The Guardian·YesterdayUnited States
Bank of America Fined $1.21bn
US regulators cite money laundering failures
Negative1 min readImportance
AI Summary
Bank of America fined $1.21bn by US regulators for failing to report over $5bn in suspicious activity, including $1bn posing national security risks. The bank said the penalty will cut third-quarter net income by about 17 cents a share.
Keywords
Bank of Americamoney launderingfineUS Treasuryanti-money laundering
