The U.S. Treasury has imposed a $1.2 bn penalty on Bank of America for failing to flag more than $5 bn in suspicious activity, including transactions linked to Chinese networks and border‑related trade laundering.
The U.S. Treasury has imposed a $1.2 bn penalty on Bank of America for failing to flag more than $5 bn in suspicious activity, including transactions linked to Chinese networks and border‑related trade laundering.