https://www.live-feeds.com/feed/us-hits-bank-of-america-with-1-2-billion-fine-saying-it-violated-money-laundering-sanctions-lawsContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/us-hits-bank-of-america-with-1-2-billion-fine-saying-it-violated-money-laundering-sanctions-lawshttps://www.live-feeds.com/feed/us-hits-bank-of-america-with-1-2-billion-fine-saying-it-violated-money-laundering-sanctions-laws#u126016Fri, 16 Oct 2026 13:02:33 +0000The United States Treasury Department has imposed a $1.2 billion fine on Bank of America for violating anti-money laundering and sanctions laws. America's second-biggest bank admitted to willfully violating the 1970 Bank Secrecy Act, which requires financial institutions to help the government detect and prevent illegal money movements. Treasury officials stated the massive penalty represents the third-largest in the department's history. Federal regulators penalized the institution following compliance failures tied to anti-money laundering controls and sanctions mandates. The actio