Investors have brought a class action against Bank of America, alleging that the bank concealed major anti-money-laundering failures. The complaint was filed on November 12th in federal court in New York. The US Treasury Department announced penalties exceeding $1.21 billion against Bank of America on October 13th for anti-money-laundering and sanctions law violations. The lawsuit covers certain investors who purchased securities between January 20th, 2022 and October 13th, 2026. The allegations remain untested, and no court has decided the claims.