Bank of America fined $1.2 billion over laundering and sanctions failures
The Treasury Department announced penalties exceeding $1.2 billion after failures involving billions in suspicious transactions, placing the action among the largest fines in its history.
Read the full story → · Latest coverage 13 Oct 2026, 10:03 pm UTC
Key moments · 4
Report identifies billions in unflagged suspicious cross-border transactions
Financial Times ↗Regulators find longstanding weaknesses left unaddressed by bank
Times now ↗Treasury announces penalties exceeding $1.2 billion against bank
cnn.com ↗Financial Crimes Enforcement Network identified in penalty action
The Hill ↗
