{"id":569803,"date":"2025-08-28T09:21:12","date_gmt":"2025-08-28T08:21:12","guid":{"rendered":"https:\/\/ibsintelligence.com\/?post_type=ibsi_news&p=569803"},"modified":"2025-08-28T07:21:45","modified_gmt":"2025-08-28T06:21:45","slug":"regulators-tighten-grip-on-banks-and-crypto-amid-aml-lapses","status":"publish","type":"ibsi_news","link":"https:\/\/ibsintelligence.com\/ibsi-news\/regulators-tighten-grip-on-banks-and-crypto-amid-aml-lapses\/","title":{"rendered":"Regulators tighten grip on banks and crypto amid AML lapses"},"content":{"rendered":"

\"regulations,\"<\/strong>Regulatory penalties for global financial institutions skyrocket 417% in H1 2025<\/strong><\/em><\/p>\n

The value of regulatory fines issued to financial institutions globally in H1 2025 more than quadrupled compared to the same period last year, with digital assets firms increasingly in the crosshairs, new figures have revealed.<\/p>\n

\u00a0<\/span>The findings come as\u00a0Fenergo<\/a>, the leading provider of AI-powered solutions for know your customer (KYC), transaction monitoring, and client lifecycle management (CLM), today released its half-year annual findings on global financial institution enforcement actions.<\/span><\/p>\n

\u00a0<\/span>Regulators levied approximately 139 financial penalties, according to publicly available data, in the first half of 2025, totalling $1.23 billion \u2013 a 417% increase on the same period in 2024, where a total 118 fines were issued worth $238.6 million. The fines relate to anti-money laundering (AML), know your customer (KYC), sanctions, suspicious activity reports (SARs), and transaction monitoring violations.<\/span><\/p>\n

\u00a0<\/span>The findings \u2013 which relate to enforcement actions spanning EMEA, North America and Asia Pacific from January 2025 to June 2025 \u2013 continue a multi-year trend of increasing fines, as watchdogs continue a global crackdown on illicit behaviour.<\/span><\/p>\n

\u00a0<\/span>The most significant penalty was issued by the US Department of Justice (DOJ) to cryptocurrency exchange OKX, which paid more than $504 million after it pled guilty to failing to maintain an effective AML program in February. Another cryptocurrency exchange, BitMEX, was also fined more than $100m by the DOJ for similar AML failings, highlighting the continued push from American authorities to hold digital assets institutions to account.<\/span><\/p>\n

Penalties imposed by North American regulators saw the largest increase in terms of value,\u00a0 totalling over $1.06 billion\u2013 a 565% surge on the same period in 2024.\u00a0EMEA also experienced an uptick of penalties with watchdogs issuing $168.2 million worth of fines, up 147% from $68 million. Meanwhile, the value of penalties issued by regulators in APAC fell. Authorities in APAC issued a total $3.4 million of penalties in H1 this year, down considerably from $10.7 million in H1 2024.<\/span><\/p>\n

While fines related to AML represent the greatest share of penalties this year, there has been a marked increase in the value of those related to sanctions failures specifically.\u00a0There was approximately\u00a0$3.7 million worth of fines issued in H1 2024 for sanctions monitoring failures, while $228.8m worth of penalties were doled out for sanctions compliance breaches in H1 this year.<\/span><\/p>\n

Commenting on the findings,\u00a0Rory Doyle, Head of Financial Crime Policy at Fenergo<\/strong>, said: \u201cThese figures offer a stark warning to financial institutions across the globe \u2013 particularly those operating in the fast-growing digital assets sector, where watchdogs won\u2019t hesitate to dole out hefty fines for AML shortcomings. The findings also reflect a global trend of increased regulatory scrutiny around sanctions compliance, as geopolitical tensions and evolving sanctions regimes place greater pressure on firms to bolster their systems and processes.<\/span><\/p>\n

\u201cThe importance of integrating smarter financial crime technology with AI to increase accuracy and strengthen due diligence processes cannot be overstated in this context \u2013 especially as firms continue to grapple with more complex markets and a shortage of skilled financial crime professionals.\u201d<\/span><\/p>\n","protected":false},"author":35621,"featured_media":538542,"parent":0,"template":"","categories":[11395],"tags":[12663,11504,27086,11864,11777,12265,11549,21391,11501],"class_list":["post-569803","ibsi_news","type-ibsi_news","status-publish","has-post-thumbnail","hentry","category-analytics","tag-ai","tag-aml","tag-aml-compliance","tag-apac","tag-crypto","tag-fenergo","tag-financial-services","tag-fintech-news","tag-kyc"],"acf":[],"yoast_head":"\nRegulators tighten grip on banks and crypto amid AML lapses<\/title>\n<meta name=\"description\" content=\"The value of regulatory fines issued to financial institutions globally in H1 2025 more than quadrupled compared to the same period\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ibsintelligence.com\/ibsi-news\/regulators-tighten-grip-on-banks-and-crypto-amid-aml-lapses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Regulators tighten grip on banks and crypto amid AML lapses\" \/>\n<meta property=\"og:description\" content=\"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride in covering 400+ technology vendors globally \u2013 the largest by any analyst firm in this space.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ibsintelligence.com\/ibsi-news\/regulators-tighten-grip-on-banks-and-crypto-amid-aml-lapses\/\" \/>\n<meta property=\"og:site_name\" content=\"IBS Intelligence\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ibsintelligence.cmc\/\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-28T06:21:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2022\/08\/shutterstock_623545616-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@IBSIntelligence\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ibsintelligence.com\/ibsi-news\/regulators-tighten-grip-on-banks-and-crypto-amid-aml-lapses\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ibsintelligence.com\/ibsi-news\/regulators-tighten-grip-on-banks-and-crypto-amid-aml-lapses\/\"},\"author\":{\"name\":\"Puja Sharma\",\"@id\":\"https:\/\/ibsintelligence.com\/#\/schema\/person\/0ab658b4f7162e060853216737c46557\"},\"headline\":\"Regulators tighten grip on banks and crypto amid AML lapses\",\"datePublished\":\"2025-08-28T08:21:12+00:00\",\"dateModified\":\"2025-08-28T06:21:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ibsintelligence.com\/ibsi-news\/regulators-tighten-grip-on-banks-and-crypto-amid-aml-lapses\/\"},\"wordCount\":493,\"publisher\":{\"@id\":\"https:\/\/ibsintelligence.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/ibsintelligence.com\/ibsi-news\/regulators-tighten-grip-on-banks-and-crypto-amid-aml-lapses\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2022\/08\/shutterstock_623545616-scaled.jpg\",\"keywords\":[\"AI\",\"AML\",\"AML Compliance\",\"APAC\",\"Crypto\",\"Fenergo\",\"Financial Services\",\"Fintech news\",\"KYC\"],\"articleSection\":[\"Analytics\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ibsintelligence.com\/ibsi-news\/regulators-tighten-grip-on-banks-and-crypto-amid-aml-lapses\/\",\"url\":\"https:\/\/ibsintelligence.com\/ibsi-news\/regulators-tighten-grip-on-banks-and-crypto-amid-aml-lapses\/\",\"name\":\"Regulators tighten grip on banks and crypto amid AML lapses\",\"isPartOf\":{\"@id\":\"https:\/\/ibsintelligence.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ibsintelligence.com\/ibsi-news\/regulators-tighten-grip-on-banks-and-crypto-amid-aml-lapses\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ibsintelligence.com\/ibsi-news\/regulators-tighten-grip-on-banks-and-crypto-amid-aml-lapses\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2022\/08\/shutterstock_623545616-scaled.jpg\",\"datePublished\":\"2025-08-28T08:21:12+00:00\",\"dateModified\":\"2025-08-28T06:21:45+00:00\",\"description\":\"The value of regulatory fines issued to financial institutions globally in H1 2025 more than quadrupled compared to the same period\",\"breadcrumb\":{\"@id\":\"https:\/\/ibsintelligence.com\/ibsi-news\/regulators-tighten-grip-on-banks-and-crypto-amid-aml-lapses\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ibsintelligence.com\/ibsi-news\/regulators-tighten-grip-on-banks-and-crypto-amid-aml-lapses\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ibsintelligence.com\/ibsi-news\/regulators-tighten-grip-on-banks-and-crypto-amid-aml-lapses\/#primaryimage\",\"url\":\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2022\/08\/shutterstock_623545616-scaled.jpg\",\"contentUrl\":\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2022\/08\/shutterstock_623545616-scaled.jpg\",\"width\":2560,\"height\":1707,\"caption\":\"regulations,\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ibsintelligence.com\/ibsi-news\/regulators-tighten-grip-on-banks-and-crypto-amid-aml-lapses\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ibsintelligence.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Regulators tighten grip on banks and crypto amid AML lapses\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ibsintelligence.com\/#website\",\"url\":\"https:\/\/ibsintelligence.com\/\",\"name\":\"IBS Intelligence\",\"description\":\"Financial Technology News & FinTech Research\",\"publisher\":{\"@id\":\"https:\/\/ibsintelligence.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ibsintelligence.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ibsintelligence.com\/#organization\",\"name\":\"IBS Intelligence\",\"url\":\"https:\/\/ibsintelligence.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ibsintelligence.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2022\/03\/logo.png\",\"contentUrl\":\"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2022\/03\/logo.png\",\"width\":299,\"height\":80,\"caption\":\"IBS Intelligence\"},\"image\":{\"@id\":\"https:\/\/ibsintelligence.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/ibsintelligence.cmc\/\",\"https:\/\/x.com\/IBSIntelligence\",\"https:\/\/www.instagram.com\/ibsintelligence\/\",\"https:\/\/www.linkedin.com\/company\/ibs-intelligence\/\",\"https:\/\/www.youtube.com\/channel\/UCLkzPazySerR8DzKFeFFGmw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/ibsintelligence.com\/#\/schema\/person\/0ab658b4f7162e060853216737c46557\",\"name\":\"Puja Sharma\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ibsintelligence.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/52cc919920005c5ef0aa20181fc9da98bc61a14c67ff7fc6884d1fee1ef66ce7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/52cc919920005c5ef0aa20181fc9da98bc61a14c67ff7fc6884d1fee1ef66ce7?s=96&d=mm&r=g\",\"caption\":\"Puja Sharma\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Regulators tighten grip on banks and crypto amid AML lapses","description":"The value of regulatory fines issued to financial institutions globally in H1 2025 more than quadrupled compared to the same period","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ibsintelligence.com\/ibsi-news\/regulators-tighten-grip-on-banks-and-crypto-amid-aml-lapses\/","og_locale":"en_US","og_type":"article","og_title":"Regulators tighten grip on banks and crypto amid AML lapses","og_description":"IBS Intelligence (IBSi) is the world\u2019s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride in covering 400+ technology vendors globally \u2013 the largest by any analyst firm in this space.","og_url":"https:\/\/ibsintelligence.com\/ibsi-news\/regulators-tighten-grip-on-banks-and-crypto-amid-aml-lapses\/","og_site_name":"IBS Intelligence","article_publisher":"https:\/\/www.facebook.com\/ibsintelligence.cmc\/","article_modified_time":"2025-08-28T06:21:45+00:00","og_image":[{"width":2560,"height":1707,"url":"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2022\/08\/shutterstock_623545616-scaled.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_site":"@IBSIntelligence","twitter_misc":{"Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ibsintelligence.com\/ibsi-news\/regulators-tighten-grip-on-banks-and-crypto-amid-aml-lapses\/#article","isPartOf":{"@id":"https:\/\/ibsintelligence.com\/ibsi-news\/regulators-tighten-grip-on-banks-and-crypto-amid-aml-lapses\/"},"author":{"name":"Puja Sharma","@id":"https:\/\/ibsintelligence.com\/#\/schema\/person\/0ab658b4f7162e060853216737c46557"},"headline":"Regulators tighten grip on banks and crypto amid AML lapses","datePublished":"2025-08-28T08:21:12+00:00","dateModified":"2025-08-28T06:21:45+00:00","mainEntityOfPage":{"@id":"https:\/\/ibsintelligence.com\/ibsi-news\/regulators-tighten-grip-on-banks-and-crypto-amid-aml-lapses\/"},"wordCount":493,"publisher":{"@id":"https:\/\/ibsintelligence.com\/#organization"},"image":{"@id":"https:\/\/ibsintelligence.com\/ibsi-news\/regulators-tighten-grip-on-banks-and-crypto-amid-aml-lapses\/#primaryimage"},"thumbnailUrl":"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2022\/08\/shutterstock_623545616-scaled.jpg","keywords":["AI","AML","AML Compliance","APAC","Crypto","Fenergo","Financial Services","Fintech news","KYC"],"articleSection":["Analytics"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/ibsintelligence.com\/ibsi-news\/regulators-tighten-grip-on-banks-and-crypto-amid-aml-lapses\/","url":"https:\/\/ibsintelligence.com\/ibsi-news\/regulators-tighten-grip-on-banks-and-crypto-amid-aml-lapses\/","name":"Regulators tighten grip on banks and crypto amid AML lapses","isPartOf":{"@id":"https:\/\/ibsintelligence.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ibsintelligence.com\/ibsi-news\/regulators-tighten-grip-on-banks-and-crypto-amid-aml-lapses\/#primaryimage"},"image":{"@id":"https:\/\/ibsintelligence.com\/ibsi-news\/regulators-tighten-grip-on-banks-and-crypto-amid-aml-lapses\/#primaryimage"},"thumbnailUrl":"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2022\/08\/shutterstock_623545616-scaled.jpg","datePublished":"2025-08-28T08:21:12+00:00","dateModified":"2025-08-28T06:21:45+00:00","description":"The value of regulatory fines issued to financial institutions globally in H1 2025 more than quadrupled compared to the same period","breadcrumb":{"@id":"https:\/\/ibsintelligence.com\/ibsi-news\/regulators-tighten-grip-on-banks-and-crypto-amid-aml-lapses\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ibsintelligence.com\/ibsi-news\/regulators-tighten-grip-on-banks-and-crypto-amid-aml-lapses\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibsintelligence.com\/ibsi-news\/regulators-tighten-grip-on-banks-and-crypto-amid-aml-lapses\/#primaryimage","url":"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2022\/08\/shutterstock_623545616-scaled.jpg","contentUrl":"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2022\/08\/shutterstock_623545616-scaled.jpg","width":2560,"height":1707,"caption":"regulations,"},{"@type":"BreadcrumbList","@id":"https:\/\/ibsintelligence.com\/ibsi-news\/regulators-tighten-grip-on-banks-and-crypto-amid-aml-lapses\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ibsintelligence.com\/"},{"@type":"ListItem","position":2,"name":"Regulators tighten grip on banks and crypto amid AML lapses"}]},{"@type":"WebSite","@id":"https:\/\/ibsintelligence.com\/#website","url":"https:\/\/ibsintelligence.com\/","name":"IBS Intelligence","description":"Financial Technology News & FinTech Research","publisher":{"@id":"https:\/\/ibsintelligence.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ibsintelligence.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ibsintelligence.com\/#organization","name":"IBS Intelligence","url":"https:\/\/ibsintelligence.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibsintelligence.com\/#\/schema\/logo\/image\/","url":"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2022\/03\/logo.png","contentUrl":"https:\/\/ibsintelligence.com\/wp-content\/uploads\/2022\/03\/logo.png","width":299,"height":80,"caption":"IBS Intelligence"},"image":{"@id":"https:\/\/ibsintelligence.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ibsintelligence.cmc\/","https:\/\/x.com\/IBSIntelligence","https:\/\/www.instagram.com\/ibsintelligence\/","https:\/\/www.linkedin.com\/company\/ibs-intelligence\/","https:\/\/www.youtube.com\/channel\/UCLkzPazySerR8DzKFeFFGmw"]},{"@type":"Person","@id":"https:\/\/ibsintelligence.com\/#\/schema\/person\/0ab658b4f7162e060853216737c46557","name":"Puja Sharma","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibsintelligence.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/52cc919920005c5ef0aa20181fc9da98bc61a14c67ff7fc6884d1fee1ef66ce7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/52cc919920005c5ef0aa20181fc9da98bc61a14c67ff7fc6884d1fee1ef66ce7?s=96&d=mm&r=g","caption":"Puja Sharma"}}]}},"_links":{"self":[{"href":"https:\/\/ibsintelligence.com\/wp-json\/wp\/v2\/ibsi_news\/569803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibsintelligence.com\/wp-json\/wp\/v2\/ibsi_news"}],"about":[{"href":"https:\/\/ibsintelligence.com\/wp-json\/wp\/v2\/types\/ibsi_news"}],"author":[{"embeddable":true,"href":"https:\/\/ibsintelligence.com\/wp-json\/wp\/v2\/users\/35621"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibsintelligence.com\/wp-json\/wp\/v2\/media\/538542"}],"wp:attachment":[{"href":"https:\/\/ibsintelligence.com\/wp-json\/wp\/v2\/media?parent=569803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibsintelligence.com\/wp-json\/wp\/v2\/categories?post=569803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibsintelligence.com\/wp-json\/wp\/v2\/tags?post=569803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}