THESE ARE THE TEN BIGGEST BANK FINES OF 2020
ValueWalk, 07 May 2021
Banking regulators around the globe were busy last year despite the Covid-19 pandemic. Like any other year, the regulators imposed heavy fines on banks and financial institutions for a range of indiscretions, including money laundering, tax evasion and market manipulation. It is estimated that total bank fines amounted to more than $14 billion in 2020, with the U.S. accounting for the majority of them with 12 bank fines. Anti-money laundering (AML) breaches were the most common violation last year. Detailed below are the ten biggest bank fines of 2020.
We have referred to multiple online sources, including Finbold, Comsure and others to come up with the list of the ten biggest bank fines of 2020. Following are the ten biggest bank fines of 2020:
