Bank of America Fined $1.2 Billion Over Money Laundering and Sanctions Violations
Bank of America has been fined $1.2 billion by the Treasury Department due to violations of money laundering and sanctions laws.
Rochester Mason City Austin, MN, October 14, 2026 —
Bank of America has been fined $1.2 billion by the Treasury Department over violations of money laundering and sanctions laws, according to the information provided.
The brief account does not specify when the fine was imposed or identify the particular conduct that led to the violations. It also does not name the specific statutes or sanctions involved, describe the period covered by the matter, or provide details about how the violations were identified.
No information was provided about whether the department issued additional penalties or requirements, or whether Bank of America has responded to the fine. The account also does not say whether the bank admitted to the violations, disputed them, or reached an agreement with the department.
The Treasury Department is identified as the authority that imposed the fine, but no agency statement, enforcement document or other supporting material was included in the summary. As a result, the available information establishes the stated fine amount and the broad categories of violations, but not the circumstances or terms of the action.
Further details about the case, including its timing, the specific money laundering and sanctions violations, and any response from the bank, were not provided. Those details cannot be established from the information available here.
Story summarized from the original created by By Samantha Delouya and Richard Quest, CNN on www.kimt.com, see more information here.
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