# Bank of America faces more than $1.2 billion in penalties over money-laundering violations

https://mins.news/en/item/98651

- CNBC, 2026-10-13 20:14 UTC
- Economy
- Original: https://www.cnbc.com/2026/10/13/bank-of-america-treasury-money-laundering.html

> Bank of America has been hit with penalties totaling more than $1.2 billion over money-laundering violations.

## 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
- [Bank of America Fined More Than $1.21 Billion Over Money-Laundering and Sanctions Violations](https://mins.news/en/item/98782) — Bloomberg News, 2026-10-13
- [US fines Bank of America $1.2 billion over alleged money laundering and sanctions violations](https://mins.news/en/item/98667) — The Associated Press, 2026-10-13
