Treasury fines Bank of America $1.2B for violating money laundering, sanctions law

Politics The Hill By Max Rego 13 Oct 2026 21:45 1 min read
Treasury fines Bank of America $1.2B for violating money laundering, sanctions law

The Treasury Department on Tuesday announced it was fining Bank of America more than $1.2 billion for violating anti-money laundering and sanctions laws. The Treasury’s Financial Crimes Enforcement Network (FinCEN) fined Bank of America, the second-largest bank in the country, $1.2 billion for its failure to “mitigate and report priority national security risks,” the department...

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