Main page > About the company > News and mailing > Jurisdictions news > Record number of anti-money laundering penalties

Record number of anti-money laundering penalties


In 2019 there were 58 anti-money laundering (AML) penalties totaling $8.14bn, representing double the amount, and nearly double the value, of penalties handed out in 2018 in the world.

Penalties for the legalization of proceeds of crime are provided for in Art. 10 of the Council of Europe Convention on the Laundering, Detection, Seizure, Confiscation of the Proceeds of Crime and the Financing of Terrorism.

Regulators in the USA were most active, handing out 25 penalties totaling $2.29bn. The UK followed with 12 fines totaling $388.4m.

The largest fine was $5.1bn and originated from France, while the average penalty rate for 2019 was $145.33m.

As well as the US and UK, penalties were handed down by regulators across multiple jurisdictions including Belgium, Bermuda, France, Germany, Hong Kong, India, Ireland, Latvia, Lithuania, the Netherlands, Norway and Tanzania. In total, in 2019, penalties were handed out by 14 countries, compared to just three a decade ago in 2009.

In Russia, a bill on such fines is under discussion.


Back to the list news

Quickly and confidentially.
A qualified expert will give you a free consultation by telephone, help to determine the position and make an appointment at any time that suits you.
Call just now by phone: +44 203 608 22 48
E-mail us:


03/11/2020 11:46:00

Decline taxes in Great Britain

According to last changes, published on the website of Tax Service ...

Read more

02/17/2020 17:56:00

European Comission sends legal warnings regarding anti-money laundering laws

The European Commission has sent legal warnings to Cyprus, Portuga ...

Read more

02/14/2020 13:32:00

UK aims to launch freeports

The UK government has launched a consultation on creating up to 10 ...

Read more