Bank of America records $1.2B non-tax-deductible charge for OCC, FinCEN, and OFAC settlements

{
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  "signal_type": "sec-10q",
  "signal_subtype": "regulatoryFine",
  "detected_at": "2026-11-03T07:04:33.349+00:00",
  "company": {
    "name": "Bank of America",
    "domain": "bankofamerica.com"
  },
  "data": {
    "detail": "On October 13, 2026, the OCC, FinCEN, and OFAC announced resolutions regarding the company's BSA, AML, and sanctions compliance programs, resulting in a $1.2 billion penalty accrual. This creates significant opportunities for compliance, data governance, and transaction monitoring technology vendors as remediation mandates take effect.",
    "metrics": {
      "timeframe": "current_quarter",
      "dollar_context": "charge to accrue for civil money penalties resulting from regulatory consent orders and settlement agreement",
      "dollar_millions": 1200
    },
    "quarter": "Q3",
    "summary": "Bank of America records $1.2B non-tax-deductible charge for OCC, FinCEN, and OFAC settlements",
    "excerpts": "On October 13, 2026, the Office of the Comptroller of the Currency (OCC), the Financial Crimes Enforcement Network (FinCEN), and the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced regulatory resolutions related to certain aspects of the Corporation’s U.S. Bank Secrecy Act, Anti-Money Laundering and Economic Sanctions Compliance Programs (Programs).",
    "relevance": 0.85,
    "sentiment": "negative",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/70858/000007085826000548/bac-20260930.htm",
    "filing_date": "2026-10-30",
    "filing_year": 2026,
    "fiscal_year": 2026,
    "fiscal_year_end": "09/30",
    "period_end_date": "2026-09-30",
    "sales_relevance": "Compliance program investment",
    "signal_category": "risk",
    "regions_mentioned": [
      "U.S."
    ]
  }
}

curl https://signals.autobound.ai/v1/signals/cc817b09-2f21-49c9-8cf5-c7e031fc05a2 \
  -H "X-API-KEY: $AUTOBOUND_API_KEY"

curl -X POST https://signals.autobound.ai/v1/companies/enrich \
  -H "X-API-KEY: $AUTOBOUND_API_KEY" \
  -H "Content-Type: application/json" \
  -d '{"domain":"bankofamerica.com","limit":20}'