USA: Bank of America to Pay $1.2 Billion for Failure to Meet Anti-Money Laundering Obligations

Bank of America, one of the largest banking institutions in the United States, has been fined over $1.

Le Nouvelliste
13 Oct 2026 — Lecture : 1 min.
USA: Bank of America to Pay $1.2 Billion for Failure to Meet Anti-Money Laundering Obligations

Des billets de 100 dollars américains

Bank of America, one of the largest banking institutions in the United States, has been fined over $1.2 billion for failing to meet its anti-money laundering obligations, the U.S. Department of the Treasury announced on Tuesday.<\/p>

According to the department's statement, the bank "prioritized its revenue" over complying with legal procedures to prevent transactions that benefit, among others, drug traffickers.<\/p>


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