Money laundering fines total $8.14bn in 2019

Pedro Gonçalves
clock • 2 min read

The US and UK financial regulators lead the way in anti-money laundering (AML) penalties issued in 2019, collectively accounting for more than 30% of the $8.14bn total handed out in fines globally. Analysis of global AML penalties between 1 January and 31 December 2019 by automated Know Your Customer (KYC) solutions firm Encompass Corporation found that a total of $8.14bn of fines were handed down for a total of 58 AML-related breaches. Regulators in the US were most active, handing out 25 penalties totalling $2.29bn followed by the UK with 12 fines totalling $388.4m while the largest...

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