Record Enforcement Actions Against Bank of America, $1.2 Billion in Fines for Violating Money Laundering Sanctions Laws

Today, the U.S. Department of the Treasury announced enforcement actions imposing more than $1.21 billion in penalties against Bank of America for violations of anti-money laundering and sanctions laws. These actions represent the third-largest penalty in Treasury history and the largest in @USOCC history. https://t.co/O7PCfyFPqO

— Treasury Department (@USTreasury) October 13, 2026

… largest in Office of the Comptroller of the Currency history.

https://t.co/f5Z7atptce

— Comptroller Jonathan Gould (@USComptroller) October 13, 2026