KROLL SAYS THE COST OF AML FINES WORLDWIDE IS INCREASING
August 1st, 2021
The value of fines issued globally for money laundering offences last year (2020) was five times higher than 2019, new figures reveal.
International financial analysts Kroll’s Global Enforcement Review 2021 [1] have identified a constant number of fines issued worldwide for ML– 45 in both 2019 and 2020, but said their combined value soared from USD444 million to USD2.2 billion, influenced, Kroll concluded, by “numerous substantial fines by Nordic regulators”.
These penalty costs are increasing still - already this year (January to June), Kroll has ...
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