US fines Bank of America $1.2bn for money laundering, sanctions violations

News summary

facebook x whatsapp-stroke copylink A Bank of America logo is seen on the entrance to one of the bank's financial centres in New York City [File: Brendan McDermid/Reuters] Published On 14 Oct 2026 14 Oct 2026 The US Treasury Department has imposed more than $1.21 billion in pena….