Bank of America Fined Over $1.2 Billion for Anti-Money Laundering Violations
By: www.bloomberg.com|10/14/2026 00:25:00
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Prefer us on GoogleBank of America has been fined over $1.21 billion by U.S. regulators for anti-money laundering and sanctions compliance issues. Among the fines, the Office of the Comptroller of the Currency imposed a civil penalty of $750 million, setting a record for the agency. The U.S. Department of the Treasury's Office of Foreign Assets Control's settlement measures involve 475 alleged violations of sanctions programs, with related countries including Russia and Iran. Regulators also issued a consent order against the bank.
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