Bank fines in 2020

The Bank Fines 2020 report reveals the list of banks that faced the biggest fines in 2020 on a Year-to-Date (YTD) basis. Fines were imposed by regulators for breaches of different protocols like Anti-Money Laundering (AML), violation of Know Your Customer (KYC) and operating guidelines, personal data leaks, among others.

Last updated: October 22nd, 2020

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Key findings

...

Total aggregated
bank fines in 2020

€3.3B

The largest fine was issued to Goldman Sachs

U.S.

Has the most separate
banks fined - 8

AML

The most common violation
Anti-money laundering breaches

Bank Fines Ranked

Please note that due to varying exchange rate the amounts might differ slighly, to see the original currency in which fine was issued click "Read" button in the violation column of the table. (Last updated: October 13th, 2020)

Rank

Country

Bank

Fine

Source

Violation

Methodology

Data gathering by Finbold.com analysts; Only fines higher than 500k EUR are included; the real numbers of violations can be drastically higher; 2020 YTD data; Last updated: October 13th, 2020.

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