Bank of America fined $1.2 billion by Treasury Department for money laundering and sanctions laws violations — Live Feedhttps://www.live-feeds.com/feed/bank-of-america-fined-1-2-billion-by-treasury-department-for-money-laundering-and-sanctions-laws-violationsContinuously updated, source-cited coverage. Bank of America Fined $1.2 Billion by U.S. Treasuryhttps://www.live-feeds.com/feed/bank-of-america-fined-1-2-billion-by-treasury-department-for-money-laundering-and-sanctions-laws-violationshttps://www.live-feeds.com/feed/bank-of-america-fined-1-2-billion-by-treasury-department-for-money-laundering-and-sanctions-laws-violations#u136143Mon, 19 Oct 2026 14:16:50 +0000The United States Department of the Treasury has assessed a penalty of more than $1.2 billion against Bank of America for violations of anti-money laundering and sanctions laws. Regulators stated the second-largest bank in the United States failed to mitigate and report priority national security risks, including transactions tied to Chinese money laundering networks and illicit finance along the southwest border. Concurrently, the Office of the Comptroller of the Currency issued a separate civil money penalty for deficient Bank Secrecy Act and anti-money laundering compliance programs.Why it