{"success":true,"data":{"pressRelease":{"id":"173071","rtpr_id":"nNFC6nnHHj-20261019","ticker":"BAC","exchange":"NYSE","all_tickers":["BAC"],"title":"Grabar Law Office Investigates Claims on Behalf of Long-Term Shareholders of Bank of America Corporation (BAC) Following More Than $1.2 Billion in Federal Penalties for Anti-Money Laundering and Sanctions Compliance Violations","author":"Newsfile Corp","published_at":"2026-10-19T19:50:44.723Z","article_body":"Philadelphia, Pennsylvania--(Newsfile Corp. - October 19, 2026) - Grabar Law\nOffice is investigating claims on behalf of shareholders of Bank of America\nCorporation (NYSE: BAC) concerning possible breaches of fiduciary duties by\ncertain current and former officers and directors.\n\nWhat is This Investigation About? The investigations arises from the Company's\nalleged longstanding failures to maintain adequate anti-money laundering\n(\"AML\") controls, comply with the Bank Secrecy Act (\"BSA\"), and adhere to\nfederal economic sanctions requirements.\n\nIf you have continuously held Bank of America Corporation (NYSE: BAC) common\nstock since before January 1, 2018, you can seek corporate reforms, the return\nof funds spent defending litigation back to the company, and a court approved\nincentive award, at no cost to you whatsoever. Visit\nhttps://grabarlaw.com/the-latest/bac-shareholder-investigation/, contact\nJoshua H. Grabar at jgrabar@grabarlaw.com, or call 267-507-6085, to discuss\nyour rights and the possibility of participating in this shareholder\nderivative investigation.\n\nWhat is Alleged? On October 13, 2026, the U.S. Department of the Treasury\nannounced enforcement actions imposing more than $1.21 billion in penalties\nagainst Bank of America for violations of federal anti-money laundering and\nsanctions laws. The enforcement actions included:\n* A $1.2 billion civil penalty assessed by the Financial Crimes Enforcement\nNetwork (\"FinCEN\") for violations of the Bank Secrecy Act;\n* A $750 million civil penalty imposed by the Office of the Comptroller of the\nCurrency (\"OCC\"), credited toward the FinCEN penalty; and\n* An approximately $11.66 million settlement with the Office of Foreign Assets\nControl (\"OFAC\") involving 475 apparent violations of U.S. sanctions programs.\nAccording to Treasury, these enforcement actions included the third-largest\npenalty in Treasury history and the largest civil monetary penalty ever\nimposed by the OCC.\n\nSignificantly, Bank of America admitted material facts and violations as set\nforth in the FinCEN Consent Order, including that it willfully violated the\nBank Secrecy Act by failing to implement and maintain an adequate AML program,\nconduct required due diligence concerning foreign correspondent accounts, and\nfile required suspicious activity reports.\n\nFinCEN's investigation identified misconduct extending from at least January\n1, 2018 through July 1, 2025. According to the Consent Order, deficiencies in\nBank of America's transaction-monitoring system resulted in the missed or\ndelayed detection and reporting of more than $5 billion in suspicious\nactivity, including approximately $1 billion implicating national security and\nother priority illicit-finance risks.\n\nTreasury further reported that Bank of America had been aware for years of\nserious deficiencies in its transaction-monitoring systems but failed to take\nadequate corrective action. These deficiencies allegedly persisted despite\nrepeated internal warnings, regulatory scrutiny, and a December 2024 OCC\ncease-and-desist order requiring improvements to the Bank's compliance\nprogram.\n\nThe separate OFAC enforcement action identified 475 apparent sanctions\nviolations occurring between September 2021 and April 2025, involving payments\nprocessed through blocked financial institutions, deficient sanctions\nscreening, delayed watchlist updates, and other compliance failures.\n\nGrabar Law Office is investigating whether Bank of America's directors and\nofficers failed to exercise appropriate oversight of the Company's regulatory\ncompliance, internal controls, and risk-management systems, potentially\nexposing the Company to substantial financial penalties, remediation expenses,\nand reputational harm.\n\nIf you have continuously held Bank of America Corporation (NYSE: BAC) common\nstock since before January 1, 2018, you are encouraged to visit\nhttps://grabarlaw.com/the-latest/bac-shareholder-investigation/, contact\nJoshua H. Grabar at jgrabar@grabarlaw.com, or call 267-507-6085, to discuss\nyour rights and the possibility of participating in this shareholder\nderivative investigation. You can seek corporate reforms, the return of funds\nspent defending litigation back to the company, and a court approved incentive\naward, at no cost to you whatsoever.\n\n$BAC #BAC\n\nAttorney Advertising Disclaimer\n(https://grabarlaw.com/attorney-advertising-disclaimer/)\n\nContact:\nJoshua H. Grabar, Esq.\nGrabar Law Office\nOne Liberty Place\n1650 Market Street, Suite 3600\nPhiladelphia, PA 19103\nTel: 267-507-6085\nEmail: jgrabar@grabarlaw.com\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/319783","article_body_html":"","raw_payload":{"data":{"id":"nNFC6nnHHj-20261019","title":"Grabar Law Office Investigates Claims on Behalf of Long-Term Shareholders of Bank of America Corporation (BAC) Following More Than $1.2 Billion in Federal Penalties for Anti-Money Laundering and Sanctions Compliance Violations","author":"Newsfile Corp","ticker":"BAC","created":"2026-10-19T19:50:44.723Z","tickers":["BAC"],"exchange":"NYSE","article_body":"Philadelphia, Pennsylvania--(Newsfile Corp. - October 19, 2026) - Grabar Law\nOffice is investigating claims on behalf of shareholders of Bank of America\nCorporation (NYSE: BAC) concerning possible breaches of fiduciary duties by\ncertain current and former officers and directors.\n\nWhat is This Investigation About? The investigations arises from the Company's\nalleged longstanding failures to maintain adequate anti-money laundering\n(\"AML\") controls, comply with the Bank Secrecy Act (\"BSA\"), and adhere to\nfederal economic sanctions requirements.\n\nIf you have continuously held Bank of America Corporation (NYSE: BAC) common\nstock since before January 1, 2018, you can seek corporate reforms, the return\nof funds spent defending litigation back to the company, and a court approved\nincentive award, at no cost to you whatsoever. Visit\nhttps://grabarlaw.com/the-latest/bac-shareholder-investigation/, contact\nJoshua H. Grabar at jgrabar@grabarlaw.com, or call 267-507-6085, to discuss\nyour rights and the possibility of participating in this shareholder\nderivative investigation.\n\nWhat is Alleged? On October 13, 2026, the U.S. Department of the Treasury\nannounced enforcement actions imposing more than $1.21 billion in penalties\nagainst Bank of America for violations of federal anti-money laundering and\nsanctions laws. The enforcement actions included:\n* A $1.2 billion civil penalty assessed by the Financial Crimes Enforcement\nNetwork (\"FinCEN\") for violations of the Bank Secrecy Act;\n* A $750 million civil penalty imposed by the Office of the Comptroller of the\nCurrency (\"OCC\"), credited toward the FinCEN penalty; and\n* An approximately $11.66 million settlement with the Office of Foreign Assets\nControl (\"OFAC\") involving 475 apparent violations of U.S. sanctions programs.\nAccording to Treasury, these enforcement actions included the third-largest\npenalty in Treasury history and the largest civil monetary penalty ever\nimposed by the OCC.\n\nSignificantly, Bank of America admitted material facts and violations as set\nforth in the FinCEN Consent Order, including that it willfully violated the\nBank Secrecy Act by failing to implement and maintain an adequate AML program,\nconduct required due diligence concerning foreign correspondent accounts, and\nfile required suspicious activity reports.\n\nFinCEN's investigation identified misconduct extending from at least January\n1, 2018 through July 1, 2025. According to the Consent Order, deficiencies in\nBank of America's transaction-monitoring system resulted in the missed or\ndelayed detection and reporting of more than $5 billion in suspicious\nactivity, including approximately $1 billion implicating national security and\nother priority illicit-finance risks.\n\nTreasury further reported that Bank of America had been aware for years of\nserious deficiencies in its transaction-monitoring systems but failed to take\nadequate corrective action. These deficiencies allegedly persisted despite\nrepeated internal warnings, regulatory scrutiny, and a December 2024 OCC\ncease-and-desist order requiring improvements to the Bank's compliance\nprogram.\n\nThe separate OFAC enforcement action identified 475 apparent sanctions\nviolations occurring between September 2021 and April 2025, involving payments\nprocessed through blocked financial institutions, deficient sanctions\nscreening, delayed watchlist updates, and other compliance failures.\n\nGrabar Law Office is investigating whether Bank of America's directors and\nofficers failed to exercise appropriate oversight of the Company's regulatory\ncompliance, internal controls, and risk-management systems, potentially\nexposing the Company to substantial financial penalties, remediation expenses,\nand reputational harm.\n\nIf you have continuously held Bank of America Corporation (NYSE: BAC) common\nstock since before January 1, 2018, you are encouraged to visit\nhttps://grabarlaw.com/the-latest/bac-shareholder-investigation/, contact\nJoshua H. Grabar at jgrabar@grabarlaw.com, or call 267-507-6085, to discuss\nyour rights and the possibility of participating in this shareholder\nderivative investigation. You can seek corporate reforms, the return of funds\nspent defending litigation back to the company, and a court approved incentive\naward, at no cost to you whatsoever.\n\n$BAC #BAC\n\nAttorney Advertising Disclaimer\n(https://grabarlaw.com/attorney-advertising-disclaimer/)\n\nContact:\nJoshua H. Grabar, Esq.\nGrabar Law Office\nOne Liberty Place\n1650 Market Street, Suite 3600\nPhiladelphia, PA 19103\nTel: 267-507-6085\nEmail: jgrabar@grabarlaw.com\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/319783"},"type":"article","timestamp":"2026-10-19T19:50:44.772554841Z","server_sent_at_ms":1792439444772},"received_at":"2026-10-19T19:50:44.824Z","source_url":"https://www.newsfilecorp.com/release/319783"},"analysis":{"id":"161180","press_release_id":"173071","analysis_json":{"industry":{"label":"Banks","sector":"Financials"},"redFlags":["Admitted willful Bank Secrecy Act violations by the issuer per FinCEN Consent Order","Third-largest penalty in Treasury history and largest civil monetary penalty ever imposed by the OCC","Deficiencies persisted despite a December 2024 OCC cease-and-desist order and repeated internal warnings","475 apparent OFAC sanctions violations between September 2021 and April 2025","Derivative-suit exposure and potential further remediation/reputational costs beyond the announced penalties"],"eventType":"legal_litigation","narrative":"Grabar Law Office announced a shareholder derivative investigation into Bank of America officers and directors following federal AML and sanctions enforcement actions, soliciting long-term holders to contact the firm.\n\nThe underlying October 13, 2026 Treasury actions imposed more than $1.21 billion in penalties, including a $1.2 billion FinCEN civil penalty, an OCC penalty credited toward it, and an ~$11.66 million OFAC settlement covering 475 apparent violations.\n\nBank of America admitted willful Bank Secrecy Act violations, with deficient monitoring missing more than $5 billion in suspicious activity; this release itself is law-firm solicitation, not new company disclosure.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm derivative-suit solicitation — suppress the release, but separately surface the underlying $1.21B Treasury AML enforcement against BAC from its primary source."},"keyFigures":{"customDimensions":{"ofac_settlement":"$11.66 million","misconduct_period":"January 1, 2018 through July 1, 2025","fincen_civil_penalty":"$1.2 billion","ofac_apparent_violations":475,"treasury_total_penalties":"$1.21 billion","missed_suspicious_activity":"$5 billion","occ_civil_penalty_credited":"$750 million","national_security_linked_activity":"$1 billion"}},"quotedText":"the U.S. Department of the Treasury announced enforcement actions imposing more than $1.21 billion in penalties against Bank of America for violations of federal anti-money laundering and sanctions laws","namedEntities":{"people":[{"name":"Joshua H. Grabar","role":"Attorney, Grabar Law Office"}],"products":[],"companies":[{"name":"Bank of America Corporation","ticker":"BAC","relationship":"subject of investigation"},{"name":"Grabar Law Office","relationship":"plaintiff law firm"},{"name":"U.S. Department of the Treasury","relationship":"regulator"},{"name":"Financial Crimes Enforcement Network (FinCEN)","relationship":"regulator"},{"name":"Office of the Comptroller of the Currency (OCC)","relationship":"regulator"},{"name":"Office of Foreign Assets Control (OFAC)","relationship":"regulator"}],"dollarAmounts":[{"amount":"$1.21 billion","context":"total Treasury penalties against Bank of America"},{"amount":"$1.2 billion","context":"FinCEN civil penalty for Bank Secrecy Act violations"},{"amount":"$750 million","context":"OCC civil penalty, credited toward FinCEN penalty"},{"amount":"$11.66 million","context":"OFAC settlement"},{"amount":"$5 billion","context":"suspicious activity missed or delayed by transaction-monitoring deficiencies"},{"amount":"$1 billion","context":"missed suspicious activity implicating national security risks"}]},"materialImpact":{"score":2,"reasoning":"Plaintiff law-firm derivative-investigation solicitation issued by Grabar Law Office, not an issuer disclosure. No new legal action, certified class, or settlement is announced; however, the underlying Treasury enforcement ($1.21B in penalties, admitted BSA violations) is genuinely material context referenced within the solicitation."},"tickerRelevance":{"others":[],"primary":"BAC"},"globalImportance":30,"audienceRelevance":20,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mega-cap","eventGravity":"law-firm-solicitation-referencing-major-enforcement","issuerAuthored":false,"underlyingEnforcementNote":"Treasury $1.21B AML/sanctions penalties are material; should be captured from issuer/regulator primary source rather than this solicitation"}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":2,"narrative":"Grabar Law Office announced a shareholder derivative investigation into Bank of America officers and directors following federal AML and sanctions enforcement actions, soliciting long-term holders to contact the firm.\n\nThe underlying October 13, 2026 Treasury actions imposed more than $1.21 billion in penalties, including a $1.2 billion FinCEN civil penalty, an OCC penalty credited toward it, and an ~$11.66 million OFAC settlement covering 475 apparent violations.\n\nBank of America admitted willful Bank Secrecy Act violations, with deficient monitoring missing more than $5 billion in suspicious activity; this release itself is law-firm solicitation, not new company disclosure.","key_figures":{"customDimensions":{"ofac_settlement":"$11.66 million","misconduct_period":"January 1, 2018 through July 1, 2025","fincen_civil_penalty":"$1.2 billion","ofac_apparent_violations":475,"treasury_total_penalties":"$1.21 billion","missed_suspicious_activity":"$5 billion","occ_civil_penalty_credited":"$750 million","national_security_linked_activity":"$1 billion"}},"named_entities":{"people":[{"name":"Joshua H. Grabar","role":"Attorney, Grabar Law Office"}],"products":[],"companies":[{"name":"Bank of America Corporation","ticker":"BAC","relationship":"subject of investigation"},{"name":"Grabar Law Office","relationship":"plaintiff law firm"},{"name":"U.S. Department of the Treasury","relationship":"regulator"},{"name":"Financial Crimes Enforcement Network (FinCEN)","relationship":"regulator"},{"name":"Office of the Comptroller of the Currency (OCC)","relationship":"regulator"},{"name":"Office of Foreign Assets Control (OFAC)","relationship":"regulator"}],"dollarAmounts":[{"amount":"$1.21 billion","context":"total Treasury penalties against Bank of America"},{"amount":"$1.2 billion","context":"FinCEN civil penalty for Bank Secrecy Act violations"},{"amount":"$750 million","context":"OCC civil penalty, credited toward FinCEN penalty"},{"amount":"$11.66 million","context":"OFAC settlement"},{"amount":"$5 billion","context":"suspicious activity missed or delayed by transaction-monitoring deficiencies"},{"amount":"$1 billion","context":"missed suspicious activity implicating national security risks"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-19T19:50:52.257Z","global_importance":30,"audience_relevance":20,"importance_components":{"tickerTier":"mega-cap","eventGravity":"law-firm-solicitation-referencing-major-enforcement","issuerAuthored":false,"underlyingEnforcementNote":"Treasury $1.21B AML/sanctions penalties are material; should be captured from issuer/regulator primary source rather than this solicitation"}},"durationMs":7416,"modelName":"glm-5.3-flashx"}}