Money laundering failures land Bank of America with a $1.2 billion fine
14 Oct 2026, 11:17 AM

Money laundering failures land Bank of America with a $1.2 billion fine

N
Newseuro
@newseuro
US authorities have imposed a $1.2 billion (โ‚ฌ1.07bn) penalty on Bank of America over failures to tackle money laundering. The bank also settled alleged sanctions violations involving Iran and Russia.
Source Credit: euronews.com
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