https://www.live-feeds.com/feed/bank-of-america-fined-1-2bn-over-money-laundering-failuresContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/bank-of-america-fined-1-2bn-over-money-laundering-failureshttps://www.live-feeds.com/feed/bank-of-america-fined-1-2bn-over-money-laundering-failures#u128750Sat, 17 Oct 2026 17:55:27 +0000The US Treasury Department's Financial Crimes Enforcement Network (FinCEN) fined Bank of America $1.2 billion for failing to report and mitigate priority national security risks. These failures included illicit finance along the southwest border and Chinese money laundering networks. Additionally, the Office of the Comptroller of the Currency imposed a $750 million penalty for an ineffective Bank Secrecy Act/anti-money laundering compliance program. The bank failed to report over $5 billion in suspicious activity, with $1 billion of that posing national security risks. Bank of America sha