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Bank of America Fined $1.2B for Violating Laws
The Treasury Department fined Bank of America $1.2 billion for violating anti-money laundering and sanctions laws. The move highlights ongoing regulatory scrutiny in the financial sector.
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The Hill
The Treasury Department on Tuesday announced it was fining Bank of America more than $1.2 billion for violating anti-money laundering and sanctions laws. The Treasury’s Financial Crimes Enforcement Network (FinCEN) fined Bank of America, the second-largest bank in the country, $1.2 billion for its f
2026-10-13 21:45 UTC