BUSINESS● ELEVATED3h ago · Oct 13, 2026, 9:45 PM
Treasury fines Bank of America $1.2B for violating money laundering, sanctions law
The Hill · north america
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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