Global AML Fines Research Report

Global Crypto AML & Regulatory Fines Surge in 2022

Since the financial crash in 2007, an estimated $56.1 billion in enforcement actions has been levied to financial institutions and individuals for AML, data privacy, MiFID, and ESG compliance violations.


The Report will be available in February 2023. We will be hosting a webinar before that, where we will be sharing early access to the report.


Register for the upcoming webinar
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AML Fines Webinar 2023

AML Fines Webinar

Join Fenergo’s live webinar where our Financial Crime Policy Manager, Rory Doyle, will be joined by special guests to delve into the findings of Fenergo’s analysis of enforcement actions data from 2022, as well as:

  • The trends driving enforcement actions, and why fine values have plateaued in recent years
  • Why 2022 was a watershed year for crypto, and what to expect from the regulatory crackdown on digital assets
  • Best practice for managing risk exposure and for detecting and preventing financial crime
  • Predictions: what 2022’s data tells us about the regulatory landscape going into 2023

Registrants will gain early access to our annual enforcement actions report.

Register now

Global Financial Institution Penalties drop in 2022

In 2022, fines for non-compliance with Anti-Money Laundering (AML) and related regulations against the financial sector totalled $4.17 billion, a decrease of 22% from 2021.

1

APAC

regulators issued a total of $5.58 million in enforcement actions to financial institutions in 2022, down 99% from 2021

2

EMEA

saw a 66% decrease in the value of financial penalties, from $3.4 billion in 2021 to just over $1.16 billion in 2022

3

North America

had a sharp rise in enforcement actions during the 2022 calendar year, with values up 151% from 2021

4

Latin America

regulators in Latin America fined financial institutions $2.5 billion, down 82% from 2021

5

Globally

approximately 12 individuals were fined $31.2 million for their role in AML-related compliance breaches

Global Enforcement Actions by Region

$5.58m

APAC

$1.16b

EMEA

$2.51m

LATAM

$3b

NAM

Other Resources

Man reading AML Report on a tablet

AML Fines in a COVID climate

Fenergo's 2021 report of global financial institution fines is available to download now. So what’s changed since 2020?


Globally, the total value of financial penalties issued by regulators to financial institutions for AML and data privacy breaches reached approximately $5.4 billion, a 49% decrease in value compared to the year prior.

Download Report
Graphic from AML Fines Webinar

Watch the Webinar

How have geopolitical and financial crime trends impacted enforcement actions in 2021 and what does 2022 behold for financial institutions? 


Discover this and more at our informative webinar discussion entitled Financial Institution Enforcement Actions: Implications of a COVID Climate.

Watch the Webinar
Colleagues reading an AML Press Release

Read the Press Release

Fines to crypto financial institutions and their employees reached $193 million, rising by 92% when compared to 2021.


Fines to individuals increased by 89% from approximately $16,505,264 in 2021 to $31,209,191 in 2022 – largely a result of crypto-related fines.

Press Release