Financial Crimes Enforcement Network

What to know

• FinCEN levied a $1.2 billion penalty on Bank of America for AML violations. Oct 13
• The OCC imposed a $750 million civil money penalty, the largest in its history. Oct 13
• Bank of America was fined $1.21 billion for widespread anti‑money‑laundering and sanctions violations. Oct 13
• The penalty is the third‑largest ever imposed by the Treasury Department and the largest by the OCC. Oct 13