The brief
Bank of America was hit with more than $1.2 billion in federal penalties Tuesday after regulators said the nation’s second-largest US bank failed to flag $5bn in suspicious transactions linked to suspected illicit finance from China and southern US border Key points and original sources are listed below.
- Bank of America was hit with more than $1.2 billion in federal penalties Tuesday after regulators said the nation’s second-largestS1
- US bank failed to flag $5bn in suspicious transactions linked to suspected illicit finance from China and southern US borderS2
