StocksMedium•16 October 2026•
1 min read
US Treasury Fines Bank of America $1.2 Billion Over AML Failures
Key Facts
1The US Treasury fined Bank of America more than $1.2 billion for anti-money-laundering and sanctions failures.
2The bank admitted it willfully violated the Bank Secrecy Act.
The US Treasury fined Bank of America more than $1.2 billion for anti-money-laundering and sanctions failures. The bank admitted it willfully violated the Bank Secrecy Act, leading to the massive enforcement action by federal authorities.
BAC closed at $51.7 on October 15, 2026, prior to the disclosure of the regulatory penalty. Within the peer group, Citigroup closed at $123.21 and Wells Fargo at $82.75 on October 15, 2026, while JPMorgan Chase was trading at $337.94 on October 16, 2026.