Reading Between the Fines: A Deep Dive into Financial Institution Penalties in 2022

Fenergo’s latest research report on financial institution penalties in 2022 is available now.

Key analysis shows that fine values in the Asia-Pacific region were just 0.77% of what they were in 2021.

Read the report to find out about the biggest actions from the past year, key trends driving enforcement actions in 2022, predictions about the regulatory landscape going into 2023, and more.

Key findings include:

  • AML and related fines increased by 52% in 2022, even though overall enforcement fines for financial institutions fell by 22%.
  • The US had the highest enforcement actions of $3bn, up 151% from 2021.
  • Crypto firms and founders faced fines of $193m, up 92% from 2021.
  • The first-ever ESG fines were issued to financial institutions by US regulators.