AML Enforcement in 2022
Trends, Lessons, and Expectations
1 March, 2023
2pm SGT/HKT | 5pm AEDT
Duration: 1 hour
Since the financial crash in 2007, nearly USD 60 billion in enforcement actions has been levied against financial institutions and individuals for AML, data privacy, MiFID, and ESG compliance violations.
According to the latest research from Fenergo, global KYC, tax and AML-related penalties against financial institutions fell in 2022 compared to a year earlier, and appear to be plateauing. However, there were several notable penalties against banks and crypto firms that warrant further attention.
In this webinar, we discuss Fenergo's latest analysis of enforcement actions from 2022, key lessons that have emerged, the areas under scrutiny in supervisory AML inspections, and measures FIs can apply to more effectively ensure regulatory compliance.
Based on the past year of enforcement activity, we will also discuss best practice for managing risk and detecting and preventing financial crime, as well as regulatory expectations for the year ahead.
By registering for this event, you will get early access to Fenergo’s annual global enforcement actions report.