Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Pricing
Podcast Image

Compliance Officers Playbook

Top AML Penalties of 2024

05 Jan 2025

Description

The episode lists the five largest anti-money laundering (AML) penalties issued in 2024, highlighting significant financial repercussions for non-compliance. Penalties ranged from $3.5 billion to $36 million USD, levied against banks and a casino across multiple countries. Violations included failures in customer due diligence, insufficient suspicious activity reporting, and weak risk management. The examples serve as a cautionary tale, illustrating the increased regulatory scrutiny and the substantial costs of inadequate AML programmes. The episode concludes by emphasising the importance of proactive AML compliance.

Audio
Featured in this Episode

No persons identified in this episode.

Transcription

This episode hasn't been transcribed yet

Help us prioritize this episode for transcription by upvoting it.

0 upvotes
🗳️ Sign in to Upvote

Popular episodes get transcribed faster

Comments

There are no comments yet.

Please log in to write the first comment.