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

Marcus Chen
Managing Editor · Wednesday, October 14, 2026 at 10:50 AM · 1 min read
US hits Bank of America with $1.2 billion fine, saying it violated money laundering, sanctions laws — WESH 2 Orlando, Windermere Community news
Image: WESH 2 Orlando

The U.S. Treasury Department says it's imposing $1.2 billion in fines on Bank of America for allegedly violating anti-money laundering and sanctions laws.

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