Treasury, FinCEN, OCC and OFAC fine Bank of America $1.2bn+
1 Oct 13 4:32 PM · 1d ago · 26 articles · 6 posts · 4 sources · development 1 of 6
The Treasury Department, FinCEN and the OCC announced combined penalties of more than $1.21 billion against Bank of America for violating the Bank Secrecy Act and sanctions laws, including failing to timely report over $5 billion in suspicious transactions tied to Chinese money-laundering networks, the southwest border, and 475 apparent sanctions violations involving Iran and Russia. FinCEN assessed $1.2 billion, the OCC added a record $750 million credited toward the total, and OFAC separately settled for $11.6 million.
“Today’s actions send a clear message that even the biggest financial institution(s) are not above the law.”
Scott Bessent
Scott Bessent U.S. Treasury SecretaryBank of America Fined institution, second-largest U.S. bankBernard Mensah President of International, Bank of AmericaAlastair Borthwick CFO, Bank of AmericaFinCEN / OCC / OFAC U.S. regulators (Treasury's Financial Crimes Enforcement Network, Office of the Comptroller of the Currency, Office of Foreign Assets Control)
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16 outlets US Hits Bank of America with $1.2 Billion Fine, Saying It Violated Money Laundering, Sanctions Laws
first by The San Fernando Valley Sun, 22h ago · also PBS, CNN, SCMP China, SCMP, NY Post, BBC +9
5 more headlines
- U.S. hits Bank of America with $1.2 billion fine, saying it violated money laundering and sanctions laws PBS NewsHour · 22h ago
- Bank of America fined $1.2 billion by Treasury Department for violating money laundering and sanctions laws CNN · 21h ago
- Bank of America fined US$1.21 billion as US flags suspected Chinese money laundering SCMP China · 19h ago
- Bank of America profits hit by $1.2B fine for overlooking Chinese money laundering, narco trafficking NY Post · 19h ago
- Bank of America fined $1.2bn over failing to stop money laundering Mastodon · 8h ago
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first by ABC Australia, 1d ago · also The Hill, WSJ US Business, NYT Business, ZeroHedge, RedState, Anadolu Agency +7
12 more headlines
- Treasury fines Bank of America $1.2B for violating money laundering, sanctions law The Hill · 1d ago
- Bank of America to Pay $1.2 Billion to Settle Violations of Money Laundering, Sanctions Laws WSJ US Business · 1d ago
- Bank of America Pays $1.8 Billion Fine for Lax Money-Laundering Oversight NYT Business · 1d ago
- Bank Of America Fined $1.2 Billion For Failing To Report $5 Billion In Suspicious Transactions, Including Chinese Money-Laundering Networks ZeroHedge · 1d ago
- Bank of America Hit With Huge $1.2B Treasury Fine RedState · 1d ago
- US Treasury fines Bank of America more than $1.21B over money laundering and sanctions laws violations Anadolu Agency · 1d ago
- US fines Bank of America US$1.2 billion, says it violated money laundering, sanctions laws SCMP · 1d ago
- Bank of America Fined More Than $1.2 Billion for Money-Laundering Bloomberg Markets · 1d ago
- US fines Bank of America $1.2bn for money laundering, sanctions violations Al Jazeera · 1d ago
- US fines Bank of America $1.2 bn for anti-money laundering violations Bangkok Post · 1d ago
- Bank of America hit with $1.2B in penalties over money laundering compliance failures Fox Business · 1d ago
- Bank of America hit with $1.2bn fine for money laundering failings BBC · 1d ago
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first by Euronews.com, 1d ago · also Euronews, Investing.com News, Reuters, The Globe and Mail, South China Morning Post, CNBC +2
5 more headlines
- Money laundering failures land Bank of America with a $1.2 billion fine Euronews · 1d ago
- Bank of America profit hurt by $1.2 billion fine over anti-money laundering shortcomings Investing.com News · 1d ago
- Bank of America fined US$1.21 billion for suspected Chinese money laundering South China Morning Post · 1d ago
- Bank of America fined $1.2 billion over money laundering violations CNBC · 1d ago
- Bank of America fined $1.2bn for money laundering failures Mastodon · 1d ago
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first by Seeking Alpha, 1d ago · also WSJ Markets, Washington Examiner, Associated Press, NY Post, KTVZ-TV, Axios
5 more headlines
- Bank of America to Pay $1.21 Billion to Settle Violations of Money Laundering, Sanctions laws WSJ Markets · 1d ago
- Treasury fines Bank of America $1.2 billion for violating anti-money laundering laws Washington Examiner · 1d ago
- Bank of America hit with $1.2B fine for money laundering, sanctions violations Associated Press · 1d ago
- Bank of America fined $1.2 billion by Treasury Department for anti-money laundering and sanctions law violations KTVZ-TV · 1d ago
- Bank of America hit with $1.2 billion penalty over money laundering allegations Axios · 1d ago
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first by Bloomberg, 2d ago · also American Greatness, CNN, WTTG-TV, The Gateway Pundit, CNBC, Philadelphia Inquirer
7 more headlines
- Treasury Hits Bank of America With $1.2 Billion Fine Over Money Laundering, Sanctions Violations American Greatness · 1d ago
- Bank of America fined $1.2 billion by Treasury Department for money laundering and sanctions laws violations CNN · 1d ago
- Bank of America fined $1.2B for allegedly violating money laundering, sanction laws, Treasury says WTTG-TV · 1d ago
- NEW: Bank of America Hit with MASSIVE $1.2 Billion Fine Over Anti-Money Laundering Violations The Gateway Pundit · 1d ago
- Treasury Fines Bank of America $1.2 Billion Over Money-Laundering and Sanctions Violations Political.org · 1d ago
- Bank of America hit with more than $1.2 billion in penalties over money-laundering violations CNBC · 1d ago
- US Treasury says it’s imposing $1.2 billion in fines on Bank of America for violating money laundering, sanctions laws Philadelphia Inquirer · 1d ago
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3 outlets US Fines Bank of America US$1.21 Billion
first by Rio Times, 1d ago · also Seeking Alpha, Yahoo Finance
2 more headlines
- Bank of America plunges as Q3 earnings hit by Treasury Department's $1.2B fine Seeking Alpha · 1d ago
- Bank of America Just Got Hit With a $1.2 Billion Fine. It Reports Earnings This Morning Yahoo Finance · 1d ago
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first by The Washington Post, 1d ago · also UPI
1 more headline
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first by NBC News, 1d ago
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first by The National UAE, 1d ago
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first by AtlasPress News Agency, 1d ago
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