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THE NEW YORK TIMES A2 FINANCIAL CRIME HIGH RISK Published 13 Oct 2026 at 22:57 UTC, affecting US

NYT: Bank of America Pays $1.8 Billion Fine for Lax Money-Laundering Oversight

Bank of America was fined $1.8 billion by federal regulators for inadequate oversight of suspicious transactions related to money laundering.

Prepared automatically by complead Research from The New York Times, published 13 Oct 2026.

Read the original notice ↗ All US items

What happened

Bank of America was fined $1.8 billion by federal regulators for inadequate oversight of suspicious transactions related to money laundering.

Named in this item

2 entities
STATUS NAME ISO PROGRAM IDENTIFIER
Bank of America
Organization, fined
Screen this name US — —
Federal regulators
Organization, regulator US — —

What compliance teams should check

  • Review exposure to Bank of America for AML risks
  • Update internal controls to address similar oversight gaps
  • Monitor regulatory enforcement actions for AML compliance
  • Reassess transaction monitoring procedures
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FROM THE NOTICE Federal regulators said the bank had waved through suspicious transactions without proper care. The New York Times, 13 Oct 2026, 22:57 UTC, nytimes.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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