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Bank of America ordered to pay $1.2B penalty for AML violations

Bank stock fell following announcement, Q3 earnings report

Yael KatzwerbyYael Katzwer
October 14, 2026
in Risk & Security
Reading Time: 2 mins read
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Less than a day before Bank of America was set to report its third-quarter earnings, the U.S. Department of the Treasury announced a $1.2 billion penalty — the third largest in Treasury history — against the bank for violating anti-money laundering and sanctions laws. “We understand the seriousness of compliance and we’re responsible for getting […]

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Tags: anti-money laundering (AML)Bank of AmericaBank Secrecy Act (BSA)earningsFinCENNewsPremiumU.S. Department of the TreasuryU.S. Office of the Comptroller of the Currency (OCC)
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