Topic
Bank of America fined $1.2B
Treasury Secretary Bessent fined Bank of America $1.21 billion over suspicious transactions tied to China and others, citing 475 sanctions violations and over $5 billion in unreported suspicious activity.
2 stories · Oct 14, 04:45 to Oct 14, 08:03
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Oct 14, 2026
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US Treasury fines Bank of America $1.2B
Treasury Secretary Bessent fined Bank of America $1.21 billion for facilitating suspicious transactions involving China and others, with 475 apparent sanctions violations and failure to report over $5 billion in suspicious transactions.
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Bank of America fined $1.2B
Watcher.Guru notes Warren's crypto money-laundering claims while Bank of America is fined $1.2B for AML and sanctions violations.
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