BAC · News · 20261103N

AML Regulatory Settlement

BANK OF AMERICA CORP /DE/ · 2026-11-03 · Importance null · Surprise null

Bank of America recorded a US$1.2 billion regulatory settlement charge in Q3 2026 tied to anti-money-laundering oversight issues. The settlement has been followed by multiple class action lawsuits alleging compliance failures. The reported charge exceeds the materiality threshold of US$861 million and places additional pressure on the bank’s compliance controls and noninterest costs.

Key facts

• Multiple class action lawsuits focused on alleged compliance failures followed Bank of America's anti-money-laundering regulatory settlement charge. source