Fines for corporate crimes last year fell by more than half to 8.7 billion euros (U.S. $9.9 billion) from 2020’s total of €20 billion (U.S. $22.6 billion), according to a report released by research firm AML Intelligence.
There were 67 corruption, bribery, and fraud fines issued in 2021 worth a total of more than €6 billion (U.S. $6.8 billion), the highest being a $2.5 billion penalty against airline manufacturer Boeing for fraud conspiracy charges relating to misleading regulators about the safety of its 737 MAX aircraft. The total is a drop from €9 billion (U.S. $10.2 billion) worth of fines issued in 2020.
