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Financial Institution Enforcement Actions:
Implications of a COVID Climate

LIVE PANEL DISCUSSION


Wednesday February 23rd, 2022 10AM ET| 3PM GMT | 4PM CET
Duration: 1 hour


Summary 

Globally, the total value of financial penalties issued by regulators to financial institutions for AML and data privacy breaches reached approximately $5.4 billion, a 49% decrease in value compared to the year prior. 

EMEA saw a big increase in the value of financial penalties at $3.4 billion, up from $1 billion in 2020 . French regulators issued the highest value enforcement action of the year to a Swiss bank at $2 billion, followed by the UK ($688 million), Netherlands ($577 million) and Bahrain ($50.5 million).

And the reasons? Fenergo’s global Director of Financial Crime, Rachel Woolley suggests the impact of the pandemic is partly to blame for the general decline in value: “Regulators weren’t able to initiate as many on-premise investigations in the last two years which has likely had a knock-on effect on enforcement actions.”

To find out join Fenergo’s Rachel Woolley and well-known industry guests for a live panel discussion.


Register Now! 

Not located in EMEA or North America ? Find a better time below:

APAC Time: February 24th at 12pm HKT / 3pm AEDT. Register here

Speakers


Rachel Woolley, Global Director of Financial Crime

Fenergo


Jim Richards – Founder and Principal

RegTech Consulting LLC

Oliver Bullough, Author and Journalist


Federica Taccogna, Financial Crime Expert

Schedule a Meeting with Our Team

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CLIENTS WHO TRUST

OUR SOFTWARE SOLUTIONS


Discover how financial institutions can onboard clients more efficiently by centralizing client data and documentation; in order to better comply with a range of regulatory obligations on one single easy to use platform.
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About Fenergo

Fenergo is a leading provider of Client Lifecycle Management, AML/KYC Compliance and Client Data Management solutions for investment, corporate, commercial and private banks.

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About Fenergo

Fenergo is a leading provider of Client Lifecycle Management, AML/KYC Compliance and Client Data Management solutions. With 100% focus on financial services, Fenergo delivers technologies that can transform how financial institutions manage and serve their customers throughout the customer lifecycle.

We serve 100+ of the world’s top financial institutions and have dedicated expertise within each banking vertical. We have global reach with offices in the North America, Europe, Africa, Middle East, and APAC regions.

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