Analysis, Regulation & Supervision

Regulators push towards higher AML fines, data shows

By Ellesheva Kissin
AML fines
Image via Mercury Bloomberg

Global regulators are cracking down harder on customer due diligence failings and greenwashing, according to a survey of fines from 2023.

Fines relating to how banks scrutinise their customer base soared to almost $220m worldwide, up more than 9000% from just $2.3m in the previous year, according to ...

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