Anti-money laundering enforcement actions have become an increasingly significant concern to banks and other financial institutions during the past decade, occurring with greater frequency and imposing rising monetary penalties. The Bloomberg Law report – Paying the Price: Financial Institutions Hit Hard by AML Enforcement Actions – helps you analyze trends in anti-money laundering enforcement, civil and criminal, by federal and state authorities since 2009, identifying areas of risk to financial institutions.
This in-depth report addresses:
- the rise of civil monetary penalties by orders of magnitude
- the broadening of the types of financial institutions subjected to Bank Secrecy Act enforcement actions
- significant compliance risks revealed in recent anti-money laundering enforcement actions