Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Bank of America Corp.
Current Parent Company: Bank of America
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $7,500,000
Year: 2006
Date: September 27, 2006
Offense Group: financial offenses
Primary Offense: anti-money-laundering deficiencies
Violation Description: Bank of America agreed to pay a total of $7.5 million in settlement of allegations it was deficient in handling foreign money services business, enabling money laundering.
Level of Government: local
Action Type: agency action
Agency: Manhattan (NY) District Attorney
Civil or Criminal Case: civil
Private Lawsuit Resolution Type: settlement
Facility State: New York
Facility County: New York
Facility City: New York
HQ Country of Current Parent: USA
HQ State of Current Parent: North Carolina
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.