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Bank of America

Bank of America is a major U.S. financial institution that has recently faced regulatory scrutiny. On October 14, 2026, the Treasury Department announced a $1.2 billion penalty for anti‑money‑laundering violations, marking the third‑largest fine in the bank’s history.

8 stories·Updated Oct 14

What to know

Treasury penalty totals more than $1.21 billion, the third‑largest in its history. Oct 14
FinCEN assessed a $1.2 billion charge for anti‑money‑laundering violations. Oct 14
FinCEN levied a $1.2 billion penalty on Bank of America for AML and sanctions breaches. Oct 13
The violations cited include failures to address Chinese money‑laundering networks and illicit finance at the southwest border. Oct 13
FinCEN levied a $1.2 billion penalty on Bank of America for AML violations. Oct 13

Timeline

Oct 14, 2026

Business
Bank of America faces $1.2 billion Treasury penalty ahead of Q3 earnings

Oct 14·1 min read
Oct 13, 2026

Business
Bank of America hit with $1.2 billion anti‑money‑laundering fine

Oct 13·3 min read
Oct 13, 2026

Business
Bank of America hit with $1.2 billion fine and $750 million OCC penalty for AML failures

Oct 13·4 min read
Oct 13, 2026

Business
Bank of America hit with $1.21 billion anti‑money‑laundering fine

Oct 13·3 min read
Oct 13, 2026

World
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Oct 13·1 min read
Jul 29, 2026

Business
Mortgage rates move on July 30, 2026

Jul 29·3 min read
Apr 21, 2025

Business
Easter Monday Is Not a Federal Holiday; Banks and Markets Remain Open

Apr 21·1 min read
Apr 21, 2025

Business
Banks, Stock Markets and Post Offices Open on Easter Monday in the U.S.

Apr 21·1 min read