Article: THESE ARE THE TEN BIGGEST BANK FINES OF 2020

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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. Continue reading “Article: THESE ARE THE TEN BIGGEST BANK FINES OF 2020”

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