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Treasury fines Bank of America $1.2 billion for money-laundering, sanctions failures

Details emerge on China-linked laundering and $5bn unreported transactions

2 Yesterday 4:14 PM · 15h ago · 3 articles · 2 posts · 2 sources · development 2 of 5

Treasury said Bank of America failed to timely report over $5 billion in suspicious transactions and effectively outsourced detection obligations to third parties, with deficiencies tied to Chinese money-laundering networks and illicit finance along the southwest border.

Details emerge on China-linked laundering and $5bn unreported transactions
x.com

“Bank of America admits willfully violating Bank Secrecy Act regulations and failing to “timely report” more than $5 billion in “suspicious” transactions, the Treasury has said.”

@unusual_whales

Scott BessentScott Bessent U.S. Treasury SecretaryBank of America Penalized bankFinCEN Treasury's Financial Crimes Enforcement NetworkOffice of the Comptroller of the Currency (OCC) Bank regulatorOffice of Foreign Assets Control (OFAC) Sanctions enforcement agency

The whole story articlesvideospostscomments the bright band is this development · numbered dots are the others · click one to jump

Peak 20 pieces in one half hour at Yesterday, 4 PM; 111 pieces over 25 hours (61 articles · 1 video · 42 posts · 7 comments) Yesterday, 6:36 AM — quietYesterday, 7:06 AM — 1 piece · 1 article — Newswires 1Yesterday, 7:36 AM — quietYesterday, 8:06 AM — quietYesterday, 8:36 AM — quietYesterday, 9:06 AM — quietYesterday, 9:36 AM — quietYesterday, 10:06 AM — 1 piece · 1 article — Newswires 1Yesterday, 10:36 AM — quietYesterday, 11:06 AM — quietYesterday, 11:36 AM — 12 pieces · 12 articles — Newswires 12Yesterday, 12:06 PM — quietYesterday, 12:36 PM — quietYesterday, 1:06 PM — quietYesterday, 1:36 PM — quietYesterday, 2:06 PM — 1 piece · 1 article — Newswires 1Yesterday, 2:36 PM — quietYesterday, 3:06 PM — quietYesterday, 3:36 PM — 1 piece · 1 article — Newswires 1Yesterday, 4:06 PM — 20 pieces · 10 articles · 10 posts — Newswires 10, Mastodon 6, Reddit 2, +2 moreYesterday, 4:36 PM — 15 pieces · 9 articles · 6 posts — Newswires 9, Bluesky 3, Mastodon 2, +1 moreYesterday, 5:06 PM — 9 pieces · 3 articles · 3 posts · 3 comments — Reddit 4, Newswires 3, Bluesky 1, +1 moreYesterday, 5:36 PM — 1 piece · 1 article — Newswires 1Yesterday, 6:06 PM — quietYesterday, 6:36 PM — 5 pieces · 4 articles · 1 post — Newswires 4, Mastodon 1Yesterday, 7:06 PM — quietYesterday, 7:36 PM — 6 pieces · 3 articles · 1 video · 2 posts — Newswires 3, Hacker News 1, Mastodon 1, +1 moreYesterday, 8:06 PM — 2 pieces · 2 posts — Mastodon 1, X 1Yesterday, 8:36 PM — quietYesterday, 9:06 PM — 2 pieces · 1 article · 1 post — Mastodon 1, Newswires 1Yesterday, 9:36 PM — 6 pieces · 4 articles · 2 posts — Newswires 4, Bluesky 1, Mastodon 1Yesterday, 10:06 PM — 3 pieces · 3 posts — Bluesky 1, Mastodon 1, X 1Yesterday, 10:36 PM — 3 pieces · 1 article · 2 posts — Mastodon 2, Newswires 1Yesterday, 11:06 PM — 3 pieces · 3 posts — Mastodon 3Yesterday, 11:36 PM — 3 pieces · 1 post · 2 comments — Reddit 2, Mastodon 1Today, 12:06 AM — 1 piece · 1 post — Hacker News 1Today, 12:36 AM — 2 pieces · 2 posts — Mastodon 2Today, 1:06 AM — 2 pieces · 1 article · 1 post — Mastodon 1, Newswires 1Today, 1:36 AM — quietToday, 2:06 AM — 1 piece · 1 article — Newswires 1Today, 2:36 AM — quietToday, 3:06 AM — quietToday, 3:36 AM — quietToday, 4:06 AM — quietToday, 4:36 AM — 1 piece · 1 article — Newswires 1Today, 5:06 AM — 2 pieces · 2 comments — Reddit 2Today, 5:36 AM — quietToday, 6:06 AM — 1 piece · 1 article — Newswires 1Today, 6:36 AM — 2 pieces · 1 article · 1 post — Mastodon 1, Newswires 1Today, 7:06 AM — 5 pieces · 4 articles · 1 post — Newswires 3, Mastodon 2 1–45
1–4Details emerge on China-linked laundering…5Outlets note this is the third-largest…
8 AM4 PMtodaynow · 7:36 AM ET

Reported in the same hours no headline names this development itself — these 2 claims were published in its stretch

  1. 2 outlets Bank of America hit with more than $1.2 billion in penalties over money-laundering violations

    first by CNBC, 15h ago · also Philadelphia Inquirer

    1 more headline
  2. 1 outlet Bank of America ordered to pay historic $1.2 billion over alleged sanctions law violations

    first by NBC News, 15h ago

All 5 developments of Treasury fines Bank of America $1.2 billion for… →

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