# Bank of America backed crypto AML rules but reported over $5 billion in suspicious activity late

https://mins.news/en/item/99509

- CryptoSlate, 2026-10-14 10:10 UTC
- Economy
- Original: https://cryptoslate.com/bank-of-america-backed-strict-crypto-aml-rules-before-admitting-5-billion-reporting-failure/

> In December 2023, Senator Elizabeth Warren asked Bank of America CEO Brian Moynihan whether crypto firms handling financial transactions should face the same anti-money-laundering rules as banks. He agreed. On Oct. 13, Treasury announced more than $1.2 billion in penalties against the bank, and FinCEN said it admitted to willful violations.

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- [Moynihan Says Bank of America Is Accountable Amid Fines](https://mins.news/en/video/100682) — Bloomberg Television, 2026-10-15
- [US fines Bank of America $1.2bn over money laundering and sanctions violations](https://mins.news/en/item/98954) — Al Jazeera, 2026-10-14
- [US fines Bank of America $1.2 billion over alleged money laundering and sanctions violations](https://mins.news/en/item/98667) — The Associated Press, 2026-10-13