Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
Agricultural Bank of China fined $215M for hiding deals
short by Shubhodeep Datta / on Saturday, 5 November, 2016
China’s third-largest lender, Agricultural Bank, has been ordered by the New York’s banking regulator to pay a $215 million penalty over hiding the trail of dollar transactions by Russian, Chinese and Middle Eastern clients. The Chinese state-controlled bank had also reportedly attempted to silence a compliance officer who had raised alarms about the deals.
read more at Bloomberg