UK regulators hand out $388m in AML fines

Published: 14/01/2020
UK regulators hand out $388m in AML fines

UK regulators handed out a total of $388.4 million in fines for Anti-Money Laundering (AML) related incidents last year, according to new research. 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 $8.14 billion of fines were handed down for a total of 58 AML-related breaches, wit

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