# Bank of America fined $1.2bn over money-laundering failures

https://mins.news/en/item/98642

- Financial Times, 2026-10-13 20:00 UTC
- Economy
- Original: https://www.ft.com/content/c08dd4a1-74a4-49f2-90f7-0857c6e87868?syn-25a6b1a6=1

> Bank of America was fined $1.2bn after failing to flag $5bn in suspicious transactions linked to suspected illicit finance from China and the southern US border.

## Related coverage

- [Moynihan Says Bank of America Is Accountable Amid Fines](https://mins.news/en/video/100682) — Bloomberg Television, 2026-10-15
- [BofA misses profit estimates as capital markets weaken; books $1.2 billion charge](https://mins.news/en/item/99629) — Reuters, 2026-10-14
- [Money-laundering failures bring Bank of America a $1.2 billion fine](https://mins.news/en/item/99157) — euronews, 2026-10-14
- [Bank of America fined $1.2bn over money-laundering failures](https://mins.news/en/item/99109) — BBC News, 2026-10-14
