Office of Foreign Assets Control

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