Bank of America was ordered Tuesday to pay $1.2 billion to the Treasury Department, which said it violated anti-money laundering and sanctions laws.

Bank of America (BAC.N) has reshuffled staff ​to address issues brought up by regulators after fining the bank $1.21 billion over anti-money laundering compliance failures, the bank said on Wednesday,...

Regulators said Bank of America failed to properly monitor trillions of dollars in transactions, allowing more than $5 billion in potentially suspicious activity to go unreported or be reported too la...