Share this article

Fenergo has published its latest analysis of global regulatory fines for AML, KYC, sanctions, MiFID, and data privacy violations against financial institutions.

Between October 2018 and December 2019, regulators across the US, Europe, APAC and the Middle East have levied over USD $10 billion in financial penalties against financial institutions for AML/KYC and sanctions-related violations and a further USD$82.7 million for data privacy and MiFID violations. For AML, KYC and sanctions violations, global financial institutions have paid out over USD$36 billion in fines since the financial crisis in 2008.

Key Insights:

2019 was the second-biggest year in history for fines with USD$8.4 billion levied against global financial institutions
Fines related to AML, KYC and sanctions violations increased by 160% since Fenergo’s last report
US regulators continue to hit foreign financial institutions hard, fining European ones 10 times more in USD$ than those handed to US financial institutions.

For full detail of Global Research Report on Financial Institution Fines and Enforcement Actions, click here to download.

Share this article