• $36 billion issued in financial institution fines globally since 2008

In 2019

• $8.4 billion in fines issued for non-compliance with AML, KYC and sanctions regulations
• Amid global trade tensions, sanctions violations make up almost 30% of 2019 fines (by $)
• $5.1 billion was second highest fine ever issued by French Criminal Court at a Swiss bank
• India (12), Chinese Taipei (10) and Pakistan (8) were most active in fining financial institutions in APAC
• US regulators fined foreign financial institutions more than domestic banks
• $86.1 million was average 2019 fine value issued
• France issued 61% of total amount (by $) in fines, followed by US (31%), Belgium (4%), UK (2.5%)