U.S. Imposes $1.21 Billion in Penalties against Bank of America

              On October 13, 2026, the United States Department of the Treasury announced enforcement actions taken by the Treasury, the Office of the Comptroller of the Currency (OCC), and the Office of Foreign Assets Control (OFAC) for violations of anti-money laundering and sanctions laws.  The actions include the third-largest penalty in Treasury’s history and the largest in OCC history.[1]