Bank of America to pay $1.21 billion in penalties for sanctions and AML breaches

14 October 2026

Bank of America to pay $1.21 billion in penalties for sanctions and AML breachesAzlan Stock/Shutterstock.com

The US Treasury has announced the enforcement of $1.21 billion in penalties against Bank of America for US sanctions and AML breaches – Press Release. OFAC Settlement Agreement The bank has agreed to pay...

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Maya Lester KC

Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. She is the…

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