Key Compliance Challenges Banks Face With Cross-Border Operations
In 2023, global financial institutions were fined a total of 6.6 billion dollars for violations related to anti-money laundering, know-your-customer regulations, sanctions, ESG compliance, and due diligence failures. According to Fenergo, the largest of these fines, 4.3 billion dollars, was imposed on Binance for AML violations. By the first half of 2025, enforcement accelerated, with … Read more