Treasury fines Bank of America $1.2 billion over AML violations

Treasury imposed record penalties on Bank of America for failing to report suspicious transactions and violating sanctions laws.

2 stories174 sourcesUpdated Oct 14, 2026

In this storyline:Office of Foreign Assets Control Office of the Comptroller of the Currency United States Department of the Treasury

Treasury fines Bank of America $1.2 billion over AML violations — Photo: No machine-readable author provided. Nopira assumed (based on copyright claims). / Wikimedia Commons (Public domain)

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Key developments

Oct 13, 2026
Treasury imposed more than $1.2 billion in penalties on Bank of America for AML failures.
170 sources on this →
Oct 13, 2026
Bank of America failed to report over $5 billion in suspicious transactions, triggering record $750 million OCC fine.
170 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.

170 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.

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