New York Fines Chinese Bank $215 Mn For Money Laundering Violations

New York fines Chinese bank $215 mn for money laundering violations

NEW YORK, , (Pakistan Point News - APP - 04th Nov, 2016 ) - New York's state bank regulator on Friday fined the giant Agricultural Bank of China $215 million for violating anti-money laundering laws and obscuring financial transactions involving Russia and China. The Department of Financial Services said the bank, the third-largest in the world, had also "silenced" a whistleblower who attempted to carry out internal investigations.