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Lauded AML Official Leaves Bank of America Amid Planned Layoffs

By Brian Monroe

A top compliance executive at Bank of America is no longer with the institution as of Thursday, according to a bank spokeswoman. John Byrne, a respected figure with more than 20 years of banking and regulatory experience, stated on a voicemail message he will no longer be working at Bank of America as of February 5. His departure comes as the bank begins to absorb acquired financial services firm Merrill Lynch. Bank of America spokeswoman Shirley Norton confirmed Byrne is no longer with the company, but declined to elaborate on the reason for his departure. Norton said she "couldn't recall"...

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