US Treasury
ON THE RECORD · 3 verbatim quotes · every quote source-verified
“Bank of America failed to timely report to FinCEN over $5 billion dollars in suspicious transactions”
US Treasury · said 2026-10-13 · reported 2026-10-14
The Treasury said Bank of America failed to timely report over $5 billion in suspicious transactions to FinCEN.
verbatim, matched to source
Al Jazeera
“priority national security risks, including Chinese Money Laundering Networks and illicit finance along the southwest border”
US Treasury · said 2026-10-13 · reported 2026-10-14
FinCEN assessed a $1.2 billion penalty over the bank's failure to mitigate and report priority national security risks.
verbatim, matched to source
Al Jazeera
“the Bank effectively outsourced to third parties a substantial portion of its proactive detection and reporting obligations”
US Treasury · said 2026-10-13 · reported 2026-10-14
A Treasury statement said Bank of America had outsourced a substantial portion of its proactive detection and reporting obligations to third parties.
verbatim, matched to source
Al Jazeera