U.S. Treasury Announces Record Enforcement Actions Against Bank of America

October 13, 2026: Treasury announced more than $1.21 bi l l i o nin p e na l t i es a g ain s tB ank o f A m er i c a f or B S A / A M L an d r e l a t e df ai l u r es — t hi r d - l a r g es tT r e a s u r y p e na l t y, l a r g es tO C C c i v i l m o n ey p e na l t y ($ 750M, credited against FinCEN’s $1.2 B a ssess m e n t) . B ank a d mi tt e d w i l l f u l B S A v i o l a t i o n s in c l u d in g d e f i c i e n t A M L p r o g r am, cor r es p o n d e n t d u e d i l i g e n ce g a p s, an d u n t im e l y S A R s . F in C E N c i t e df ai l u r e t or e p or t o v er$ 5 billion in suspicious activity, including $1 B + t i e d t o na t i o na l - sec u r i t y p r i or i t i es (C hin ese m o n ey l a u n d er in g n e tw or k s, f r a u d, so u t h w es t - b or d er t r a d e - ba se d l a u n d er in g n e xu s) . S e p a r a t e O F A C se ttl e m e n t :$ 11.66M for 475 apparent sanctions violations. Bank subject to December 2024 cease-and-desist order on BSA/AML program.

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U.S. Treasury Announces Record Enforcement Actions Against Bank of America

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