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Trends in

Civil Penalties

for AML Non-Compliance
and Violations

Statistics from OFAC indicate a sharp rise in penalty amounts
even though the number of fines have decreased.

120

1,139

104
100

1,000
772

800

80
60

600
400

40

27
21

200
16

27

200

20

90
3.5

0
2012

2011

No. of Fines

Penalty Amount (in Million)

1,200

2010

2009

Source: http://www.treasury.gov/resource-center/sanctions/CivPen/Pages/civpen-index2.aspx

0

2008
Penalty Amount

No. of Fines

Bank Fines for

Non-Compliance and Violations
Some of the nation’s leading financial institutions have been assessed huge penalties arising
from non-compliance to regulations. With more strict economic sanctions and enforcements,
banks and financial services firms need to ensure their compliance programs are designed to
minimize risk.

$ 1,139,158,727
THE TOTAL FINES OFAC HAS ASSESSED IN 2012 ALONE

Source: http://www.treasury.gov/resource-center/sanctions/CivPen/Pages/2012.aspx

Implications of

Non-Compliance

Financial Penalties

Imposition
of Sanctions

Imprisonment

Damage to
Corporate Reputation

Measures to be taken to
avoid these penalties:

Good Governance

Robust Compliance
Strong
Programs
Internal Controls
& Regular Audits

AgreeYa Solutions helps financial institutions and advisory firms
adapt to regulations and compliance programs, whereby significantly
reducing their exposure to corporate liability, sanctions, and litigation
that may arise from violations of statutory norms and law.
www.agreeya.com

Investment in Adopting
New Technology,
Processes

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AML Penalties Infographics

  • 1. Trends in Civil Penalties for AML Non-Compliance and Violations Statistics from OFAC indicate a sharp rise in penalty amounts even though the number of fines have decreased. 120 1,139 104 100 1,000 772 800 80 60 600 400 40 27 21 200 16 27 200 20 90 3.5 0 2012 2011 No. of Fines Penalty Amount (in Million) 1,200 2010 2009 Source: http://www.treasury.gov/resource-center/sanctions/CivPen/Pages/civpen-index2.aspx 0 2008 Penalty Amount No. of Fines Bank Fines for Non-Compliance and Violations Some of the nation’s leading financial institutions have been assessed huge penalties arising from non-compliance to regulations. With more strict economic sanctions and enforcements, banks and financial services firms need to ensure their compliance programs are designed to minimize risk. $ 1,139,158,727 THE TOTAL FINES OFAC HAS ASSESSED IN 2012 ALONE Source: http://www.treasury.gov/resource-center/sanctions/CivPen/Pages/2012.aspx Implications of Non-Compliance Financial Penalties Imposition of Sanctions Imprisonment Damage to Corporate Reputation Measures to be taken to avoid these penalties: Good Governance Robust Compliance Strong Programs Internal Controls & Regular Audits AgreeYa Solutions helps financial institutions and advisory firms adapt to regulations and compliance programs, whereby significantly reducing their exposure to corporate liability, sanctions, and litigation that may arise from violations of statutory norms and law. www.agreeya.com Investment in Adopting New Technology, Processes