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OFAC A1 TERRORISM & SANCTIONS HIGH RISK Published 13 Oct 2026 at 00:00 UTC, affecting US

OFAC: Settlement Agreement between the U.S. Department of the Treasury's Office of Foreign Assets Control and Bank of America, N.A.

OFAC and Bank of America, N.A. have entered into a settlement agreement regarding potential violations of U.S. sanctions regulations. Details of the settlement, including any penalties or remedial actions, were not provided in the summary.

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

Read the original notice ↗ All US items

What happened

OFAC and Bank of America, N.A. have entered into a settlement agreement regarding potential violations of U.S. sanctions regulations. Details of the settlement, including any penalties or remedial actions, were not provided in the summary.

Named in this item

2 entities
STATUS NAME ISO PROGRAM IDENTIFIER
Office of Foreign Assets Control
Organization, regulator US OFAC sanctions —
Bank of America, N.A.
Organization, fined
Screen this name US OFAC sanctions —

What compliance teams should check

  • Review exposure to Bank of America, N.A. for sanctions compliance
  • Update internal controls for OFAC-related transactions
  • Monitor for further OFAC enforcement actions
FOR COMPLIANCE TEAMS

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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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