AML Enforcement 2023
6 reported AML enforcement actions totalling approx. $5.3bn. Totals are approximate US dollar equivalents (£1 ≈ $1.27, A$1 ≈ $0.66). Back to full tracker.
Violations of the Bank Secrecy Act, sanctions regulations, and failing to implement an effective AML programme.
Serious and systemic non-compliance with AML/CTF obligations including customer due diligence failures.
Failures in AML controls for correspondent banking relationships.
UK Law Firm (SRA Action)
£233k
Failings in client due diligence and source of funds checks for property transactions.
Multiple UK Estate Agencies (HMRC Action)
£500k+
Multiple firms fined for failure to register for AML supervision and inadequate customer due diligence.
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