Biggest bank fines of 2020

Finbold’s Bank Fines 2020 report reveals the list of banks that faced the biggest fines in 2020.

Fines included those for lax anti-money laundering (AML) – the most common issue –violation of know your customer (KYC) and operating guidelines, personal data leaks, and other regulatory breaches.

In total there were €12.79bn worth of fines issues, with €3.3bn being the largest single fine (Goldman Sachs).

The Us headed the table, with 12 fines and €9.39bn of fines. The US was followed by Australia, the Netherlands and Israel. The next three position where with Europe – Sweden, Germany and then the UK.

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