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THE STRAITS TIMES A2 FINANCIAL CRIME HIGH RISK Published 13 Oct 2026 at 23:05 UTC, affecting US

Straits Times: US fines Bank of America US$1.2b for anti-money laundering violations

Bank of America has been fined US$1.2 billion by US authorities for failing to properly report over US$5 billion in suspicious transactions, constituting anti-money laundering violations.

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

Read the original notice ↗ All US items

What happened

Bank of America has been fined US$1.2 billion by US authorities for failing to properly report over US$5 billion in suspicious transactions, constituting anti-money laundering violations.

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 internal AML controls and reporting procedures
  • Assess exposure to Bank of America for correspondent banking
  • Update risk assessments for large US banks
  • Monitor for further regulatory actions against major financial institutions
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FROM THE NOTICE The second biggest US bank failed to properly report over US$5 billion in “suspicious transactions". The Straits Times, 13 Oct 2026, 23:05 UTC, straitstimes.com

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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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