The OCC issued a cease-and-desist order to Bank of America for Anti-Money Laundering violations.
1 report, 1 independent
Updated Aug 3
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What happened
The OCC issued a cease-and-desist order to Bank of America for Anti-Money Laundering violations.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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Office of the Comptroller of the Currency
American federal government organization
- The Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, and the Federal Reserve System are refocusing their joint supervision on material financial risk.
- The Federal Reserve is joining forces with the National Credit Union Administration and the Office of the Comptroller of the Currency to push stablecoin identification standards.
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Bank of America
American multinational banking and financial services corporation
Related events
- The Office of the Comptroller of the Currency provided necessary federal regulatory approval for the merger involving Bank First.
- The OCC and FDIC are testing reusable identity verification across US banks in coordination with the Treasury Department.
- BLOCK applied to the OCC for a national trust bank charter to allow custody of Bitcoin and stablecoins.
- The Office of the Comptroller of the Currency is proposing rules to govern stablecoin issuers under the GENIUS Act.
- On August 31, 2026, Truist Financial reiterated a buy rating on Amentum, while Bank of America cut its price objective. Additionally, Norges Bank purchased a new stake in Amentum, which was subsequently filed with the SEC.