Bank of America 1.2 Billion Fine: Treasury Hits Second-Largest US Bank Over Money Laundering Failures
On Tuesday, October 13, 2026, the U.S. Treasury Department announced the Bank of America 1.2 billion fine — a coordinated enforcement package totaling more than $1.21 billion against the nation’s second-largest bank for what regulators described as widespread, years-long failures to police money laundering and sanctions violations. The penalty is the third-largest in Treasury Department … Read more