BAC · News · 20261015N
AML Regulatory Settlement Charge
BANK OF AMERICA CORP /DE/ · 2026-10-15 · Importance 53 · Surprise 60 · In source text
The U.S. Department of the Treasury and Office of the Comptroller of the Currency announced more than $1.21 billion in penalties against Bank of America on October 13, 2026. The enforcement actions concern violations of anti-money-laundering and sanctions laws, including deficiencies previously addressed in a December 23, 2024 OCC cease-and-desist order. The penalties add compliance and remediation pressure to the bank and have prompted investor-claim investigations in Canada.
Key facts
- The U.S. Department of the Treasury and the OCC announced enforcement actions imposing more than $1.21 billion in penalties against Bank of America on October 13, 2026. source
- Bank of America faces fresh fines of about US$1.2b for money laundering and sanctions failures. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | negative | probable | — | The U.S. Department of the Treasury and the OCC announced enforcement actions imposing more than $1.21 billion in penalties against Bank… |
| net_income | negative | probable | — | The U.S. Department of the Treasury and the OCC announced enforcement actions imposing more than $1.21 billion in penalties against Bank… |