Episode Details

The episode lists the five largest anti-money laundering (AML) penalties issued in 2024, highlighting significant financial repercussions for non-compliance. Penalties ranged from $3.5 billion to $36 million USD, levied against banks and a casino across multiple countries. Violations included failures in customer due diligence, insufficient suspicious activity reporting, and weak risk management. The examples serve as a cautionary tale, illustrating the increased regulatory scrutiny and the substantial costs of inadequate AML programmes. The episode concludes by emphasising the importance of proactive AML compliance.