EconomyUS fines Bank of America $1.2bn over money laundering and sanctions violations
The US Treasury imposed more than $1.21bn in penalties on Bank of America for violating anti-money laundering and sanctions laws. FinCEN’s $1.2bn penalty covers failures including not reporting more than $5bn in suspicious transactions on time. The OCC also imposed a record $750m fine, while OFAC reached an $11.6m settlement over apparent sanctions violations.
AAl Jazeera★★★☆☆2026-10-14 01:15Original
US fines Bank of America $1.2bn over money laundering and sanctions violations
Economy