OCC · announcement · urgent
OCC: Bank of America assessed $750 million for BSA/AML violations
The OCC imposed a $750 million civil money penalty against Bank of America, N.A. for violations of the Bank Secrecy Act and implementing regulations 12 CFR 21.21 and 12 CFR 21.11. The OCC stated this is the largest penalty in its history.
- Agency
- OCC
- Jurisdiction
- US-FED
- Action type
- announcement
- Severity
- urgent — penalty-bearing, effective immediately, or a serious health hazard
- Published
- Recorded
- Tags
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