Bank of America fined over $1.2bn for money-laundering failures

AI-generated briefing · First published 2026-10-14 01:55:53 UTC

US regulators fined Bank of America over $1.2 billion for failing to report more than $5 billion in suspicious transactions.

US regulators fined Bank of America more than $1.2 billion for failing to report over $5 billion in suspicious transactions and for long-standing anti-money-laundering deficiencies. The Treasury called the fine its third-largest ever and said more than $1 billion of the unreported activity involved national-security risks, including China-linked networks and activity at the southwest border. [1] [2] [3] [4]

The Office of the Comptroller of the Currency levied a record $750 million civil penalty, while the Treasury’s OFAC reached an $11.6 million sanctions settlement. The bank acknowledged willful violations of the Bank Secrecy Act and said the fines will cut third-quarter net income by about 17 cents per share. [2] [4]

Sources

1. Bank of America fined $1.2bn over money laundering failures

   FT Markets · 2026-10-13 20:00:06 UTC · Summary only

2. 美国银行涉嫌洗钱违规 被罚款12亿美元 盘后跌超2%

   Sina Finance · 2026-10-13 20:45:36 UTC · Full text

3. 10月14日外盘头条：英伟达对欧追加20亿美元投资 美光海力士股价大跌 美银涉嫌洗钱违规被罚12亿美元

   Sina Finance · 2026-10-13 21:30:09 UTC · Full text

4. 美国银行因反洗钱合规疏漏面临12亿美元罚款

   Sina Finance · 2026-10-13 22:55:44 UTC · Full text

Link to this briefing · Back to AI News