OCC hits Bank of America with a $750M BSA/AML penalty, the largest civil money penalty in the agency's history. Comptroller Gould says the bank's compliance program still shows widespread breakdowns n

What happened: The OCC imposed a $750 million civil money penalty on Bank of America, N.A. for violations of the Bank Secrecy Act and its implementing regulations, including 12 CFR 21.21 and 12 CFR 21.11. Key numbers: $750 million civil money penalty. The OCC said this is the largest such amount in its history. Why it matters: The OCC framed the penalty as its largest ever, signaling a strict enforcement stance on BSA/AML compliance failures at a major bank. Coverage: 3 outlets in 24h

OCC's $750 million BSA/AML penalty against Bank of America signals significant regulatory enforcement.

OCC's $750 million BSA/AML penalty against Bank of America signals significant regulatory enforcement. — impact context not separately stored; see What changed.