United States | October 14, 2026. US authorities announced penalties exceeding $1.2 billion against Bank of America in a major anti-money-laundering and sanctions enforcement action. Regulators identified shortcomings in customer due diligence, transaction monitoring and suspicious activity reporting. The Treasury Department said the bank failed to report billions of dollars in suspicious transactions on time. The package includes overlapping penalties and credits between regulators, so the figures should not simply be added together. The case highlights increasing scrutiny of compliance systems at major financial institutions.
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