Bank of America OFAC Settlement: $158K (2003)

Last updated: July 20, 2026

Bank of America settled a civil penalty of $158,038.67 for violations of the Iranian Transactions Regulations involving funds transfers from 1999 to 2000 and the operation of accounts from 1995 to 2000. Bank of America made a voluntary disclosure.

Penalty Amount

$158,038.67

Enforcement Date

November 7, 2003

Rank in Top Penalties

#206

Case Details

Type:: Entity
Name:: Bank of America
Country:: 🇺🇸 United States
Industry:: Banking
Address:: Charlotte, NC 28255
Penalty amount:: $158,038.67
Egregious case:: Unknown
Voluntary self disclosure:: Yes
Case:: Settled
Violation period:: 1995 to 2000
Program:: Iran
Enforcement date:: November 7, 2003

Official Source Documents

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Archived on June 13, 2026

SHA-256: 2e10773f42374b7456faecf2ff9d120c423330aa9a1a894e7dc730535200fc40