SanctionsOCCRP
Bank of America Fined $1.21B Over AML Failures
OCCRP10/14/2026
U.S. regulators imposed more than $1.21 billion in penalties on Bank of America over failures in its anti-money laundering controls and apparent sanctions violations. The bank admitted to willfully violating the Bank Secrecy Act and said it is investing billions of dollars to fix the problems.
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