SEC Fines Merrill Lynch $7.5 Million for AML Lapses

By EC Assets · Published 29 June 2026

The US Securities and Exchange Commission (SEC) has fined Merrill Lynch, a Bank of America (BofA) subsidiary, $7.5 million. The fine addresses Merrill Lynch's failure to adequately flag suspicious activity to regulators. This action highlights regulatory scrutiny on financial institutions' compliance with anti-money laundering requirements. This article is intended for informational purposes only. It does not constitute investment advice.