Ep172: Why was 2020 a blockbuster year for anti-money laundering (AML) fines?

Ian Henderson, Chief Executive Officer, Kyckr Regulators across the globe took aggressive action against AML violators, handing down major financial penalties and in some cases, lengthy prison sentences to the individuals involved. 28 financial institutions were issued fines totalling more than $3.2 billion for AML-related violations last year, according to Kyckr’s 2020 AML Bank Fines Report. Robin Amlot of IBS Intelligence discussed the report’s findings with Ian Henderson, CEO of Kyckr.