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

https://mins.news/en/item/99109

- BBC News, 2026-10-14 02:05 UTC
- Economy
- Original: https://www.bbc.co.uk/news/articles/cm3wvxy6n3z8o?at_medium=RSS&at_campaign=rss

> The US Treasury fined Bank of America $1.2bn for failing to detect potential money laundering and other illegal activity. The bank did not report more than $5bn in suspicious activity, including $1bn posing national security and illicit-finance risks. Under the settlement, it admitted willfully violating the Bank Secrecy Act.

## 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/98642) — Financial Times, 2026-10-13