The US Treasury Department said on Tuesday that it was imposing US$1.2 billion in fines on Bank of America for allegedly violating anti-money-laundering and sanctions laws. The fines on America’s second-biggest bank amount to the third-largest in the department’s history.
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October 13, 2026 at 11:55 PM
US fines Bank of America US$1.2 billion, says it violated money laundering, sanctions laws
SCMP World
Excerpt from SCMP World.