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FINANCIAL TIMES A2 FINANCIAL CRIME HIGH RISK Published 14 Oct 2026 at 11:25 UTC, affecting US

FT: BofA profits drop 17% after $1.2bn money laundering fine

Bank of America received a $1.2 billion fine for money laundering, resulting in a 17% drop in profits. The bank also reported weak trading and investment banking performance.

Prepared automatically by complead Research from Financial Times, published 14 Oct 2026.

Read the original notice ↗ All US items

What happened

Bank of America received a $1.2 billion fine for money laundering, resulting in a 17% drop in profits. The bank also reported weak trading and investment banking performance.

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 exposure to Bank of America for AML risks
  • Update internal watchlists for enforcement actions
  • Assess impact of large fines on counterparties
  • Monitor regulatory developments related to US banks
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FROM THE NOTICE Second-largest US bank also delivers disappointing performance in trading and investment banking Financial Times, 14 Oct 2026, 11:25 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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