Report: Financial crime fines down in 2021; AML penalties drop 78 percent
By 
Neil Hodge2022-01-19T16:38:00
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.
Related articles
-
ArticleECB questions AMLA’s effectiveness over scope, resource concerns
The European Central Bank believes the European Union’s proposed new anti-money laundering agency needs to have a wider scope of direct supervision and more staff if it is going to be effective.
-
ArticleReport: GDPR fines surpass $1B in 2021; breach notifications also rise
Nearly €1.1 billion (U.S. $1.2 billion) worth of fines have been issued against organizations in the past year for violations of the General Data Protection Regulation, according to the latest annual report by law firm DLA Piper.
-
ArticleReport: FCPA investigations, enforcement actions hit 10-year lows in 2021
The number of enforcement actions brought under the Foreign Corrupt Practices Act in 2021 fell to the lowest total in a decade, according to a new report by the FCPA Clearinghouse at Stanford Law School.
More from Regulatory Enforcement
-
News BriefChipmaker fined $140M for unlawfully exporting chip design tools to China
Chip design software and hardware maker Cadence Design Systems agreed to plead guilty to unlawfully exporting semiconductor design tools to a restricted Chinese military university, the Department of Justice said in a statement. The California firm will pay over $140 million in criminal and civil pines and forfeitures, marking the ...
-
News BriefTrump DOJ fires two antitrust officials amid broader regulatory pullback
The Department of Justice fired two officials who were part of its antitrust division on Monday. The move, reported by CBS News, marks the latest effort from the Trump administration to ease regulations for companies and rollback of antitrust enforcement.
-
ArticleFlorida telecomm and CEO pay $128M for alleged scheme to defraud FCC
A Florida wireless company and its chief executive officer will pay more than $128 million to settle civil and potential criminal allegations that they defrauded a federal low-income telecommunications program, according to the Department of Justice.