U.S. Treasury Imposes $1.2 Billion in Fines on Bank of America
The U.S. Treasury Department is imposing $1.2 billion in fines on Bank of America for alleged violations of anti-money laundering and sanctions laws.
Raleigh Durham, NC, October 14, 2026 —
The U.S. Treasury Department is imposing $1.2 billion in fines on Bank of America over alleged violations of anti-money laundering and sanctions laws, according to the information provided.
The allegations concern two areas of financial regulation: rules intended to combat money laundering and laws governing sanctions. The available information does not describe the conduct underlying the allegations, identify the specific laws or regulations involved, or say when the alleged violations occurred.
It also does not specify how the $1.2 billion is divided among the alleged violations, whether the amount represents one or more penalties, or which Treasury office or offices are responsible for the action. No details were provided about the department’s findings, the bank’s response, or whether Bank of America has admitted or disputed the allegations.
The information provided does not include a date for the announcement or explain whether the fines have been finalized, paid, or remain subject to further proceedings. It also does not describe any additional requirements or measures associated with the action.
Without those details, the scope and procedural status of the Treasury action cannot be established from the information available. The stated central fact is that the department is imposing $1.2 billion in fines on Bank of America for alleged violations involving anti-money laundering and sanctions laws. Further information about the basis for the allegations and the bank’s position was not provided.
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