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Money laundering failures land Bank of America with a $1.2 billion fine

Money laundering failures land Bank of America with a $1.2 billion fine

14.10.2026 08:28 | Euronews Business

US authorities have imposed a $1.2 billion (€1.07bn) penalty on Bank of America over failures to tackle money laundering. The bank also settled alleged sanctions violations involving Iran and Russia.

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