Coverage dated October 12, 2026 to October 15, 2026
Bank Of America Pays $1.2 Billion For Anti-Money Laundering Violations
Headline from Forbes
Bank of America will pay more than $1.2 billion for anti-money laundering and sanctions violations that allowed billions in suspicious transactions to go unreported.
Forbes's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
The department accused the bank of failing to report and mitigate notable national security risks, including Chinese Money Laundering Networks and suspected "illicit finance along the southwest border."
Treasury imposed more than $1.2 billion in penalties on Bank of America on October 13, 2026, including a record $750 million OCC fine, after the bank failed to report over $5 billion in suspicious transactions.
The U.S. Treasury Department says it’s imposing $1.2 billion in fines on Bank of America for allegedly violating anti-money laundering and sanctions laws. The fines announced Tuesday on America’s second-biggest bank amount to the third-largest in the department’s history.
The Treasury Department announced approximately $1.21 billion in penalties against Bank of America over failures to investigate suspicious transactions and comply with U.S. sanctions laws
The Treasury Department announced that it is imposing more than $1.21 billion in penalties on Bank of America for violations of sanctions and anti-money laundering laws, including by facilitating payments that may have involved Chinese money laundering networks and criminals operating on the souther…
By Samantha Delouya, CNN (CNN) — The US Treasury Department on Tuesday announced it was imposing a more than $1.2 billion fine on Bank of America, accusing the bank of violating anti-money laundering and sanctions laws.
By Samantha Delouya, CNN (CNN) — The US Treasury Department on Tuesday announced it was imposing a more than $1.2 billion fine on Bank of America, accusing the bank of violating anti-money laundering and sanctions laws.
Bank of America has been fined with more than $1.21 billion in penalties for anti-money laundering and sanctions violations, according to the U.S. Treasury Department. The bank failed to report more than $5 billion in suspicious transactions in a timely manner, including activity linked to potential…
The U.S. Treasury Department fined Bank of America $1.2 billion for allegedly violating anti-money laundering and sanctions laws, marking the third-largest penalty in the department's history.
WASHINGTON — 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 Treasury Department on Tuesday announced more than $1.2 billion in penalties against Bank of America for years of failures to report suspicious transactions and address shortcomings in its anti-money-laundering program.
The Treasury Department on Tuesday announced it was fining Bank of America more than $1.2 billion for violating anti-money laundering and sanctions laws. The Treasury’s Financial Crimes Enforcement Network (FinCEN) fined Bank of America, the second-largest bank in the country, $1.
