Bank of America was fined $1.2 billion.
Posted by Badlands Media, Checked
- Sources
- 7 support
- Said
- 1 time·
- Confidence
- 97%
Badlands MediaOct 21, 2026
Multiple tier-1 sources, including the FinCEN and Treasury primary releases, confirm Bank of America was fined $1.2 billion on October 13, 2026 for anti-money laundering and sanctions failures. The claim's wording matches the passage's own figure, and the 'no accountability for executives' and net-worth comparisons are commentary not included in the extracted claim.
What was said
… It's far more appealing. To your point, I did this on my show. I don't think I said this on Daily, but I did this on my weekend show that I do on my channel, uhm, the Bank of America story, you know, $1.2 billion fine, no accountability for any executives, despite them acknowledging that this was something that they were tracking the whole time and that they were aware of and everything else. They didn't have the safeguards, the adequate safeguards, in place, et cetera, et cetera. …
Badlands Media · · from the transcriptPost →What we found
Supports. FinCEN and the Treasury announced a $1.2 billion penalty against Bank of America for failing to mitigate and report national security risks, including Chinese money laundering networks.[3][4]
Supports. Reuters, BBC and AP independently report the $1.2 billion fine, with the bank setting aside the amount in its third-quarter results.[1][2][6]
Supports. The OCC's $750 million penalty is credited toward the $1.2 billion total, so the figures are consistent across agencies.[5][7]
Context. The passage's broader claims about executives facing no accountability and the net-worth comparison are not part of the extracted claim and are not graded here.
Sources
7 sources: 2 fact-checkers, 3 primary, 1 tier 1, 1 not rated
- 1Bank of America profit hurt by $1.2 billion fine over anti-money laundering shortcomingsreuters.com · fact-checker · cited for: supports
- 2US hits Bank of America with $1.2 billion fine, saying it violated money laundering, sanctions lawsapnews.com · fact-checker · cited for: supports
- 3FinCEN Assesses $1.2 Billion Penalty against Bank of ...fincen.gov · primary source · cited for: supports
- 4U.S. Treasury Announces Record Enforcement Actions ...home.treasury.gov · primary source · cited for: supports
- 5OCC Imposes $750 Million Assessment Against Bank of America ...occ.gov · primary source · cited for: supports
- 6Bank of America fined $1.2bn over failing to stop money launderingbbc.com · tier 1 · cited for: supports
- 7Bank of America fined $1.2 billion over money laundering violationscnbc.com · not rated · cited for: supports
Where this claim was made
Said in 1 published post
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