North American Edition | Regulatory Fines Report 2020

Share on linkedin
Share on twitter
Share on email

Fenergo’s annual Regulatory Fines Report on Financial Institution Enforcement Actions examines the trends and events in North America and the world that triggered a 27% increase in penalties to financial institutions and their employees during 2020.

Fines in the United States continued to rise during 2020, up 67% from 2019. The greater part of the $4.4 billion worth of fines issued by US regulators ($2,573,388,000) was charged to Goldman Sachs. The majority of enforcement actions were related to AML/BSA and sanctions breaches while regulators demonstrated force to financial institutions for largescale tax evasion.

Key findings include:

  • Total penalties issued by US regulators amounted to $4.4 billion
  • Goldman Sachs was the most heavily fined financial institution receiving $6.8 billion in enforcement actions
  • 17 individuals were fined $60.7 million for AML/BSA-related regulatory violations
NAM-Regulatory-Fines-Report-2020

Download North American Edition | Regulatory Fines Report 2020