Topic
Bank Secrecy Act
4 articles
Bank Secrecy Act
OCC's $750M Bank of America Penalty Raises AML Compliance Bar
The OCC fined Bank of America, N.A. $750 million for Bank Secrecy Act violations, the largest penalty in the agency's history. What it means for AML compliance.
AML Compliance
AML compliance failures cost American Express $350 million
The OCC fined American Express National Bank $350 million over BSA and AML failures tied to about $13 billion of suspected laundering; the Fed issued an order.
Guide
The Bank Secrecy Act and AML rules explained
The Bank Secrecy Act and AML rules explained: what the BSA requires, how SARs and CTRs work, who must comply, and how FinCEN guidance shapes AML compliance.
FinCEN
AML compliance: FinCEN proposes overhaul of program requirements
FinCEN's April 7, 2026 proposed rule would refocus AML/CFT programs on risk, separate design flaws from execution lapses, and limit examiner second-guessing.