The US Treasury Department said on Tuesday that it was imposing US$1.2 billion in fines on Bank of America for allegedly violating anti-money-laundering and sanctions laws. Federal regulators said the bank had waved through suspicious transactions without proper care. Key points and original sources are listed below.

• The US Treasury Department said on Tuesday that it was imposing US$1.2 billion in fines on Bank of America for allegedly violating anti-money-laundering and sanctions laws. The fines on America’s second-biggest bank amount to the third-largest in the departmen...S1

• Federal regulators said the bank had waved through suspicious transactions without proper care.S2