Tag: fines

Regulators intensified their enforcement actions in the Q32024, setting unprecedented records in the number and magnitude of penalties, according to a report from global regulatory intelligence firm Corlytics.

Citi has been fined $135.6m by US regulators for not making sufficient progress in addressing risk management and data governance deficiencies, four years after a...

In the rapidly evolving financial services industry, the importance of effective risk assessment is often overlooked.

Theta Lake recently provided a deeper look into the high level of fines that are being aimed at financial institutions. 

The UK’s Financial Conduct Authority (FCA) has fined another financial institution for anti-money laundering (AML) failings.

RegTech company SteelEye has warned that small companies will soon be in the firing line for fines for failing to comply with off-channel communication.

Five US investment bank giants are reportedly faced with $1bn in fines for failing to monitor employees using unauthorised messaging apps.

The UK’s Payment Systems Regulator (PSR) has issued fines to Mastercard, allpay, Advanced Payment Solutions, Prepaid Financial Services and Sulion.

Annual General Data Protection Regulation (GDPR) fines exceeded €1bn for the first time since the regulation was implemented in 2018, Atlas VPN claims.

There were 45 fines for AML failures issued globally during 2020, which matched the levels of 2019, and 2021 looks set to match this figure, according to a report from Kroll.