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FinextraBusiness & Tech• 1 min read

BoA fined $1.2bn over "egregious" AML deficiencies

Bank of America (BoA) has been fined $1.2bn for its "deficient and ineffective" anti-money laundering (AML) process as well as "egregious and continued" violations of the Bank Secrecy Act (BSA).

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