https://www.live-feeds.com/feed/bank-of-america-fined-1-2-billion-for-lax-money-laundering-oversightContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/bank-of-america-fined-1-2-billion-for-lax-money-laundering-oversighthttps://www.live-feeds.com/feed/bank-of-america-fined-1-2-billion-for-lax-money-laundering-oversight#u130277Sun, 18 Oct 2026 02:56:21 +0000The U.S. Treasury Department's Financial Crimes Enforcement Network fined Bank of America $1.2 billion for failing to report and mitigate priority national security risks. The Treasury cited violations of sanctions laws and anti-money laundering rules, specifically noting the bank's failure to flag transactions linked to illicit finance along the southwest border and Chinese money laundering networks. Additionally, the Office of the Comptroller of the Currency imposed a $750 million civil money penalty due to a deficient Bank Secrecy Act compliance program. The announcement occurred