Fenergo’s latest analysis of global financial institution fines shows that regulators across the US, EMEA, MENA and APAC have issued USD$36 billion in AML/KYC and sanctions-related fines since 2008 and $10 billion in the past year.
Fenergo will be hosting a webinar featuring our subject matter experts and The Dark Money Files presenters, Graham Barrow and Ray Blake, who will dissect these findings and offer new insights into global financial enforcement trends and the drivers behind them.
Key highlights from the research include:
- US$10 billion in fines issued in 2019 for non-compliance with AML, KYC and sanctions regulations
- 12 of world’s top 50 banks penalized
- US$89.1 million was the average 2019 fine value issued
- France issued 51% of the total amount (by $) in fines, followed by US (43%), Belgium (3%), UK (2%)