US Treasury fines Bank of America for compliance failures
( October 13, 2026, 20:42 GMT | Official Statement) -- MLex Summary: The US Treasury Department announced enforcement actions imposing more than $1.21 billion in penalties against Bank of America, the second-largest bank in the United States, for violations of anti-money laundering and sanctions laws. “Financial institutions are on the front lines of protecting our economic and national security,” said Secretary Scott Bessent.Statement follows below:...
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