https://www.live-feeds.com/feed/bank-of-america-fined-1-2bn-for-money-laundering-failuresContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/bank-of-america-fined-1-2bn-for-money-laundering-failureshttps://www.live-feeds.com/feed/bank-of-america-fined-1-2bn-for-money-laundering-failures#u127132Sat, 17 Oct 2026 08:27:20 +0000The US Treasury Department has penalized Bank of America $1.2 billion for major compliance failures regarding anti-money laundering regulations. According to regulators, the banking giant neglected to flag and report over $5 billion in suspicious transactions, which included potential sanctions violations and Chinese money laundering networks. Out of the unreported funds, $1 billion presented direct national security and illicit finance risks. This massive penalty ranks as the third-largest fine in the history of the US Treasury and directly contributed to a profit drop in the bank's thir