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CRIME

Treasury hits Bank of America with $1.21 billion fines for anti-money laundering and sanctions breakdowns

October 13, 2026 · American Frontline News Staff

The Treasury Department has imposed roughly $1.21 billion in penalties on Bank of America for longstanding failures to stop money laundering and for repeated U.S. sanctions violations. Fox Business reported the enforcement action against the nation’s second-largest bank after regulators...

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