Bank of America OFAC Settlement: $1.3K (2008)

Last updated: July 20, 2026

Bank of America, N.A. ("BofA"), which acquired Fleet National Bank ("Fleet") in 2005, settled allegations of a violation of the former Libyan Sanctions Regulations by the Uruguay branch office of Fleet. The alleged violation occurred in April 2003, prior to the June 2005 merger of Fleet into BofA. This matter was not the subject of a voluntary disclosure to OFAC. BofA remitted $1,337.50 to settle the allegations.

Penalty Amount

$1,337.50

Enforcement Date

March 14, 2008

Rank in Top Penalties

#911

Case Details

Type:: Entity
Name:: Bank of America, N.A. on behalf of Fleet National Bank
Country:: 🇺🇸 United States
Industry:: Banking
Address:: Charlotte, NC
Penalty amount:: $1,337.50
Egregious case:: Unknown
Voluntary self disclosure:: No
Case:: Settlement
Violation period:: From April 2003
Program:: Libya Program, former Libyan Sanctions Regulations
Enforcement date:: March 14, 2008

Official Source Documents

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View archived version View on ofac.treasury.gov

Archived on June 13, 2026

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