Bank of America fined $1.2bn over claimed sanctions breaches
The National · 13 Oct 2026

Bank of America fined $1.2bn over claimed sanctions breaches

Bank of America was ordered to pay more than $1.2 billion in fines after the US Treasury Department said the company breached anti-money laundering and sanctions laws, the agency said on Tuesday. The authority said the fine is the third-largest in its history. Bank of America was also ordered to pay


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