BNP Paribas bank
New York Fines Agricultural Bank of China for Money Laundering
| S. Rina | | Nov 07, 2016 07:53 AM EST |
The state of New York has imposed a $215 million fine on the Agricultural Bank of China for violating its anti-money laundering law. The bank was found responsible for obscuring the trail of dollar transactions by several suspicious clients. The regulators have further ordered the bank to appoint an independent monitor for auditory purposes.
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