The Treasury Department announced on October 13, 2026, that it is fining Bank of America more than $1.2 billion for violations of anti-money laundering and sanctions laws. The Financial Crimes Enforcement Network (FinCEN) imposed the fine on Bank of America, which is the second-largest bank in the United States, due to its failure to mitigate and report priority national security risks.
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Treasury fines Bank of America $1.2 billion for violations of money laundering and sanctions laws
The Treasury Department has fined Bank of America over $1.2 billion for violations related to anti-money laundering and sanctions laws. This action was taken by the Financial Crimes Enforcement Network due to the bank's failure to address national security risks.
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Treasury fines Bank of America $1.2B for violating money laundering, sanctions law
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Treasury fines Bank of America $1.2 billion for violations of money laundering and sanctions laws