Bank of America, N.A. — $16,562,700 OFAC penalty
OFAC published a $16,562,700 civil penalty against Bank of America, N.A. on 07/24/2014. It is the #27 largest action in OFAC’s 1,052-entry enforcement chart and #4 of the 22 actions published that year.
The record
| Entity, as published by OFAC | Bank of America, N.A. |
|---|---|
| Penalty / settlement amount | $16,562,700 |
| Date published by OFAC | 07/24/2014 |
| Aggregate penalties, settlements or findings | 1 |
| Rank among all published OFAC actions | #27 of 1,052 |
| Rank within 2014 | #4 of 22 |
| Share of 2014 penalty total | 1.4% |
| Apparent violations cited | 213 |
| OFAC egregiousness determination | Egregious |
| Sanctions programs named in the release | Narcotics |
Primary source
OFAC enforcement release: 20140724_bofa.pdf. This page adds no facts beyond that document and OFAC’s published penalty chart.
Other published actions involving this name
- Bank of America, N.A., which acquired Fleet National Bank — $1,337.50 on 03/14/2008
Matched on the entity name OFAC published. Similar names do not always mean the same legal entity — check each release.
Comparable 2014 actions
- Joint-Stock Commercial Bank “Bank of Moscow” — $9,492,525
- CWT B.V. — $5,990,490
- Decolar.com, Inc. — $2,809,800
- ESCO Corporation — $2,057,540
- Ubiquiti Networks, Inc. — $504,225
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