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The Economic Times
The Economic Times
National

US hits Bank of America with $1.2 billion fine, says it violated money laundering, sanctions laws

Bank of America Money Laundering Sanctions United States US Treasury Department Binance FinCEN

Washington: The US Treasury Department said Tuesday that it's imposing USD 1.2 billion in fines on Bank of America for allegedly violating anti-money laundering and sanctions laws.

The fines on America's second-biggest bank amount to the third-largest in the department's history.

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