# 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 22:05 UTC
- Economy
- Original: https://www.bloomberg.com/news/articles/2026-10-13/bofa-hit-with-1-2-billion-of-fines-over-money-laundering-lapses?link_source=ta_bluesky_link&taid=6aceab1e76e0550001f0d4bd

> US regulators fined Bank of America more than $1.21 billion for money-laundering and sanctions violations. They said the bank effectively outsourced a key compliance function as it sought to protect revenue.

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