New York Fines Chinese Bank $215 Mn For Money Laundering Violations
Fahad Shabbir (@FahadShabbir) Published November 04, 2016 | 11:25 PM
NEW YORK, , (APP - UrduPoint / Pakistan Point News - 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.
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