EconomyUS fines Bank of America $1.2 billion over alleged money laundering and sanctions violations
Bank of America faces a $1.2 billion penalty, which the U.S. Treasury says stems from alleged breaches of anti-money-laundering and sanctions rules.
T
The Associated PressOriginal★★★☆☆2026-10-13 20:34
US fines Bank of America $1.2 billion over alleged money laundering and sanctions violations
Bank of America faces more than $1.2 billion in penalties over money-laundering violationsBank of America has been hit with penalties totaling more than $1.2 billion over money-laundering violations.
- Bank of America fined $1.2bn over money-laundering failures
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.
