Bank of America reached an $11.6 million settlement with the Office of Foreign Assets Control regarding apparent violations of sanctions programs involving Iran, Russia, global terrorism, narcotics trafficking, and Somalia

From the articleBank of America fined $1.2bn over money laundering failuresAlso in Bank of America fined $1.2 billion over money-laundering violations, US hits Bank of America with $1.2 billion fine, saying it violated money laundering, sanctions laws, Treasury Department imposes $1.2 billion penalty against Bank of America, Bank of America hit with $1.2B fine for money laundering, sanctions violations