Thursday, December 3, 2020

Report: Financial firms fined $26B for AML, sanctions, KYC non-compliance since 2008

Report: Financial firms fined $26B for AML, sanctions, KYC non-compliance since 2008 1
By Olaalpha

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Report: Financial firms fined $26B for AML, sanctions, KYC non-compliance since 2008 2

A staggering $26 billion in fines has been imposed for non-compliance with Anti-Money Laundering (AML), Know Your Customer (KYC), and sanctions regulations in the last decade, according to new research. The research was conducted by Fenergo, a provider of client lifecycle management solutions for financial institutions. The data, in […]

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