Treasury fines Bank of America $1.2 billion over AML violations

Key developments

1. Oct 13, 2026

   Treasury imposed more than $1.2 billion in penalties on Bank of America for AML failures.

   137 sources on this →
2. Oct 13, 2026

   Bank of America failed to report over $5 billion in suspicious transactions, triggering record $750 million OCC fine.

   137 sources on this →

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Finance

Bank of America Hit With $1.2B AML Fine

Treasury imposed more than $1.2 billion in penalties on Bank of America on October 13, 2026, including a record $750 million OCC fine, after the bank failed to report over $5 billion in suspicious transactions.

137 sources

Treasury fines Bank of America $1.2 billion for alleged money laundering, sanction law violations

Treasury fined Bank of America $1.2 billion on Oct. 13, 2026—its third-largest penalty ever—after the bank admitted willfully violating the Bank Secrecy Act and missing over $5 billion in suspicious transactions.