{
  "id": 14356442,
  "title": "US hits Bank of America with $1.2 billion fine, saying it violated money laundering, sanctions laws",
  "url": "https://urgent.news/2026/10/14/us-hits-bank-of-america-with-1-2-billion-fine-saying-it-violated",
  "topic": "world",
  "section": "World",
  "published": "2026-10-14T02:51:06.000Z",
  "source": {
    "name": "Gulf News",
    "slug": "gulf-news",
    "url": "https://gulfnews.com/business/banking/us-hits-bank-of-america-with-12-billion-fine-saying-it-violated-money-laundering-sanctions-laws-1.500709567"
  },
  "original_language": "en",
  "account": "The U.S. Treasury Department has announced the imposition of a $1.2 billion fine on Bank of America for alleged violations of anti-money laundering and sanctions laws. This makes the fines the third-largest in Treasury's history. According to Treasury Secretary Scott Bessent, such violations by a bank of this size pose significant risks to the U.S. financial system, extending beyond the institution's own operations. The bank has also reached a $11.6 million settlement with the department's Office of Foreign Assets Control over \"apparent violations of numerous sanctions programs, including on Iran, Russia, narcotics, and global terrorism.\"",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 6,
    "also_reported_by": [
      {
        "outlet": "ABC News AU",
        "title": "Live: Bank of America fined $US1.2 billion for anti-money laundering failures",
        "url": "https://urgent.news/2026/10/13/live-bank-of-america-fined-us1-2-billion-for-anti-money-laundering",
        "published": "2026-10-13T21:13:09.000Z"
      },
      {
        "outlet": "ABC News (US)",
        "title": "US hits Bank of America with $1.2 billion fine, saying it violated money laundering, sanctions laws",
        "url": "https://urgent.news/2026/10/13/us-hits-bank-of-america-with-1-2-billion-fine-saying-it-violated",
        "published": "2026-10-13T21:17:53.000Z"
      },
      {
        "outlet": "The National UAE",
        "title": "Bank of America fined $1.2bn over claimed sanctions breaches",
        "url": "https://urgent.news/2026/10/13/bank-of-america-fined-1-2bn-over-claimed-sanctions-breaches",
        "published": "2026-10-13T21:18:53.000Z"
      },
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "Bank of America hit with $1.2bn fine for money laundering failings",
        "url": "https://urgent.news/2026/10/14/bank-of-america-hit-with-1-2bn-fine-for-money-laundering-failings",
        "published": "2026-10-14T02:55:00.000Z"
      },
      {
        "outlet": "KahawaTungu",
        "title": "Bank of America hit with $1.2bn fine for money laundering failings",
        "url": "https://urgent.news/2026/10/14/bank-of-america-hit-with-1-2bn-fine-for-money-laundering-failings-14358562",
        "published": "2026-10-14T03:01:46.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}