U.S. Treasury Imposes $1.2 Billion Fine on Bank of America
The U.S. Treasury Department has imposed a $1.2 billion fine on Bank of America for alleged violations of anti-money laundering and sanctions laws.
Fort Smith Fayetteville Springdale Rogers, AR, October 13, 2026 —
The U.S. Treasury Department has imposed a $1.2 billion fine on Bank of America for alleged violations of anti-money laundering and sanctions laws. The information provided does not specify when the fine was imposed or describe the conduct underlying the allegations.
The allegations concern two areas: anti-money laundering requirements and sanctions laws. No specific transactions, individuals, business units or other details connected to the alleged violations were provided. The available information also does not state whether Bank of America admitted or denied the allegations, or whether the fine resolves any related proceedings.
Further details about the Treasury Department’s decision were not included in the information provided. It does not identify the legal provisions at issue, explain how the $1.2 billion amount was determined, or say whether any other penalties or requirements accompanied the fine.
The bank’s response was not provided. No information was given about possible appeals, payment timing or subsequent steps by either the department or the bank. Those details therefore remain unclear.
The stated amount and the general nature of the allegations are the only specifics available. Without additional information, the circumstances of the case and its outcome beyond the imposition of the fine cannot be established.
Story summarized from the original created by PAUL WISEMAN and FARNOUSH AMIRI, Associated Press on www.nwahomepage.com, see more information here.
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