Bank of America fined $1.2 billion for anti-money laundering failures
Story essentials
Bank of America
United States
October 2026
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COMPAMIR Editorial Team
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Read our editorial policy- Earlier version 110/14/2026, 1:20:40 AM
Bank of America faces $1.2 billion in penalties for failing to report suspicious transactions. The bank failed to address long-standing anti-money laundering deficiencies. The penalty is one of the largest in Treasury history.
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