Bank of America Fined $1.2 Billion for Lax Money-Laundering Oversight

NYT Business•Wed, Oct 14, 2026, 03:42 AM•2 min read

Federal regulators said the bank had waved through suspicious transactions without proper care.

Source: [NYT Business](https://www.nytimes.com/2026/10/13/business/bank-of-america-money-laundering-fine.html)

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