# OFAC settlement: Bank of America, N.A.
> Settled **$16.56M** for sanctions violations · 2014-07-24 · FY2014
## Settlement
- **Party:** Bank of America, N.A.
- **Date:** 2014-07-24
- **Aggregate penalty:** $16.56M
- **Number of penalties:** 1
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*Source: [OFAC 2014 Enforcement Information](https://ofac.treasury.gov/civil-penalties-and-enforcement-information/2014-enforcement-information) · MORVS · CC0 1.0*