Bank of America hit with $1.2bn fine for money laundering failingshttps://www.bbc.co.uk/news/articles/cm3wvxy6n3z8o
The bank inadequately flagged transactions linked to potential Chinese money laundering networks, the Treasury said.
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US fines Bank of America $1.2bn for money laundering, sanctions violationshttps://www.aljazeera.com/news/2026/10/14/us-fines-bank-of-america-1-2bn-for-money-laundering-sanctions-violations
The second-largest US bank faces record penalties for failing to comply with money laundering and sanctions laws.
