AML Enforcement Action in 2024

Fenergo's flagship AML Fines Report for 2024 is here - an annual analysis of global financial institution enforcement actions from January 1 2024 to December 31 2024. 

Fenergo’s report reveals critical insights into the regulatory landscape. Regulators worldwide issued a total of $4.6 billion in enforcement actions against financial institutions in 2024—a 30% drop from 2023, yet a clear indication that compliance failures remain under intense scrutiny.

Our latest report analyzes the major drivers behind these penalties, with transaction monitoring failures accounting for the largest share at $3.3 billion. Regulators signaled growing impatience with poor technology adoption, fragmented oversight, and ineffective risk management.

Download the report to discover:

• An analysis of 2024’s enforcement actions and the top compliance failings driving regulatory penalties
• The largest fines of the year and the breakdown across regions, sectors and regulations
• How financial institutions can strengthen anti-money laundering programs to avoid costly fines.

Get the full analysis now to stay ahead of regulatory expectations and safeguard your institution. Download the report today.