US hits Bank of America with $1.2 billion fine, saying it violated money laundering, sanctions laws
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October 13, 2026 1:55 PM
WASHINGTON (AP) — The U.S. Treasury Department said Tuesday that it’s imposing $1.2 billion in fines on Bank of America for allegedly violating anti-money laundering and sanctions laws.
The fines on America’s second-biggest bank amount to the third-largest in the department’s history.