Crime & Law · India
Bank of America fined $1.21 billion for money-laundering and sanctions violations
U.S. Treasury regulators fined Bank of America $1.21 billion, the third-largest penalty in Treasury history, after finding the bank failed to flag and report about $5 billion in suspicious transactions, including hundreds of millions linked to alleged Chinese money-laundering networks and other illicit finance from the southern U.S. border, thereby violating U.S. anti-money-laundering and sanctions laws.
How outlets across the spectrum covered it
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- Centre (3 votes, 4 outlets): Hindustan Times · Mint (HT Media — 1 vote), The Hindu BusinessLine, The Times of India
- International (17): Al Jazeera English, BBC News, Bloomberg, Business Insider, CNBC, CNN, Euronews, Financial Times, Fortune, Irish Independent, NBC News, Reuters, South China Morning Post, The Guardian, The New York Times, The Wall Street Journal, The Washington Post