Yes, it's his fault
Bank of America hit with $1.2bn fine for money laundering failings
The bank inadequately flagged transactions linked to potential Chinese money laundering networks, the Treasury said.
Real event · international · 2026-10-14
Bank of America hit with $1.2bn fine for money laundering failings
Final verdict announced: October 15, 2026 at 2:01 AM ET
Real headline
Bank of America hit with $1.2bn fine for money laundering failings
The bank inadequately flagged transactions linked to potential Chinese money laundering networks, the Treasury said.
Original reporting
Sources
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BBC News — Bank of America hit with $1.2bn fine for money laundering failings — 2026-10-14
Original reporting. Open the source; this site does not replace it.
What the record shows
The Treasury stated the bank's failings in monitoring.
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