Bank Of America To Pay $1.2 Billion, Including Record $750 Million OCC Penalty

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Bank of America Bank and Loan Branch. Bank of America is a Banking and Financial Services Corporation

The Office of the Comptroller of the Currency fined Bank of America $750 million on October 13, 2026, for failures in its anti-money laundering program. It’s the largest civil money penalty in OCC history, and it hits the bank behind millions of everyday Bank of America savings and checking accounts.

The OCC penalty is one part of a large...

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