23rd October 2019

Anti-Money Laundering Fines 2019

Anti-Money Laundering Fines 2019

2019 is set to be a record year for global anti-money laundering fines as criminal activity continues to threaten the financial landscape and regulatory changes from 2018 (and previous years) begin to take effect.

Research from mid-2019 revealed that, from January to April 2019, authorities handed out around $7.7 billion in AML fines – up from $1.16 billion for the same time frame in 2018, and over 70% of the sum total of fines imposed during the entirety of 2014 ($10.89 billion), the current record-holding year.

The number of fines issued between January and April 2019 amounted to approximately two-thirds less than that of 2018. However, while the number of fines decreased in 2019, the value of those fines increased significantly. 

The value of fines in 2018 was $4.27 billion – January to April 2019 was almost double that. While banks continue to receive the majority of fines, the regulatory focus on other sectors, such as gaming and cryptocurrency, is growing.

AML Fines 2019: Key Takeaways

The United States:

The United Kingdom

Europe

Global Regulation

Ongoing Regulatory Focus

AML Compliance Solutions

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