US fines Bank of America US$1.2 billion, says it violated money laundering, sanctions laws
Bank of America has been fined $1.2bn (£910m) for failing to detect potential money laundering and other illegal activity, the US Treasury Department said on Tuesday. The banking giant failed to report over $5bn in suspicious activity to the government, $1bn of which posed national security and…
Open on the live globe →Who reported it
- 2026-10-13 23:55 UTCSCMP via AP · scmp.com ↗
- 2026-10-14 01:15 UTCAl Jazeera · aljazeera.com ↗
- 2026-10-14 02:55 UTCMyJoyOnline · myjoyonline.com ↗
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