https://www.live-feeds.com/feed/bank-of-america-ordered-to-pay-historic-1-2-billion-over-alleged-sanctions-law-violationsContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/bank-of-america-ordered-to-pay-historic-1-2-billion-over-alleged-sanctions-law-violationshttps://www.live-feeds.com/feed/bank-of-america-ordered-to-pay-historic-1-2-billion-over-alleged-sanctions-law-violations#u126198Fri, 16 Oct 2026 14:07:43 +0000The US Treasury Department has ordered Bank of America to pay a penalty exceeding $1.2 billion for violating anti-money laundering and sanctions laws. The Financial Crimes Enforcement Network penalized the institution for failing to report billions in suspicious transactions and national security risks, including Chinese money laundering networks and illicit finance. Separately, the Office of the Comptroller of the Currency assessed a $750 million civil money penalty over deficient compliance programs.Why it mattersThe Treasury Department action represents one of the largest penalties ever iss