FinCEN Assesses $1.2 Billion Penalty against Bank of America
October 13, 2026
October 13, 2026
WASHINGTON, Oct. 13 -- The U.S. Department of the Treasury Financial Crimes Enforcement Network issued the following news release:
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FinCEN Assesses $1.2 Billion Penalty against Bank of America
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Today, the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) announced that it has assessed a $1.2 billion penalty against Bank of America, N.A. (Bank of America) for its failure to mitigate and report priority na . . .
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FinCEN Assesses $1.2 Billion Penalty against Bank of America
*
Today, the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) announced that it has assessed a $1.2 billion penalty against Bank of America, N.A. (Bank of America) for its failure to mitigate and report priority na . . .