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FINANCIAL TIMES A2 FINANCIAL CRIME HIGH RISK Published 13 Oct 2026 at 20:00 UTC, affecting US, CN

FT: Bank of America fined $1.2bn over money laundering failures

Bank of America was fined $1.2 billion for failing to report $5 billion in suspicious transactions linked to suspected illicit finance from China and the southern US border.

Prepared automatically by complead Research from Financial Times, published 13 Oct 2026.

Read the original notice ↗ All US items

What happened

Bank of America was fined $1.2 billion for failing to report $5 billion in suspicious transactions linked to suspected illicit finance from China and the southern US border.

Named in this item

1 entity
STATUS NAME ISO PROGRAM IDENTIFIER
Bank of America
Organization, fined
Screen this name US — —

What compliance teams should check

  • Review transaction monitoring for cross-border activity involving China and US border regions
  • Assess exposure to Bank of America for AML risk
  • Update customer due diligence procedures for high-risk geographies
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FROM THE NOTICE US bank failed to flag $5bn in suspicious transactions linked to suspected illicit finance from China and southern US border Financial Times, 13 Oct 2026, 20:00 UTC, ft.com

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How the radar works

Each item is classified by category, pinned to the jurisdictions it affects and scored from 0 to 10. The score starts from a model assessment of how serious the item is, then adds points for the kind of event, what it names and the source behind it. Reliability grades run from A1 (the regulator’s own notice) to C3 (a single secondary source).

AML News Radar reports what its sources publish. Summaries, categories and scores are automated; read the original notice before acting. It is not legal advice and not a screening decision.

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