US hits Bank of America with $1.2B fine for allegedly violating anti-money laundering and sanctions laws

A finance story from California, reported by ABC7 LA.

Finance · California · October 14, 2026

From ABC7 LA

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.

Reported by ABC7 LA, October 14, 2026. Read the full story at ABC7 LA →

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