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New York regulator fines China bank $215m

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New York’s top banking cop fined a giant Chinese bank $215 million for violating money-laundering rules that disguised large, suspicious transactions between China and Russia, Yemen, Afghanistan, and the United Arab Emirates — even after a top executive warned against them.

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New York regulator fines China bank $215m

New York’s top banking cop fined a giant Chinese bank $215 million for violating money-laundering rules that disguised large, suspicious transactions between China and Russia, Yemen, Afghanistan, and the United Arab Emirates — even after a top executive warned against them.