US hits Bank of America with $1.2 billion fine, says it violated money laundering, sanctions laws

Economic Times - Oct 14, 2026

The US Treasury Department announced a $1.2 billion fine against Bank of America for violating anti-money laundering laws. This penalty marks the third-largest ever imposed by the department in its history. Alongside this fine, Bank of America settled for $11.6 million over sanctions violations related to various programs. The bank acknowledged willful violations of the Bank Secrecy Act, emphasizing its commitment to compliance.

Read full article

More News

The Diva Today

Hottest news updates in Hollywood. Discover more on your favorite celebrities and get closer to them only here in The Diva Today.



Copyright © 2015 - 2026 The Diva Today. All Rights Reserved.