Free webinar: AML Enforcement Recap, 27 October 2pm (BST)

Helen Hatton, Director of KnowYourCountry and Central Associates Ltd (and former Deputy Director General of the Jersey Financial Services Commission), joins KnowYourCountry to review the key AML enforcement actions of 2026 and the lessons for regulated firms.

The discussion will cover:

• Bank of America’s $1.2 billion penalty, announced on 13 October, which includes a $750 million civil money penalty from the OCC.
• American Express’s $350 million OCC penalty, issued on 8 October alongside a Federal Reserve enforcement action, for failures to identify and report around $13 billion in suspected trade-based money laundering.
• FinCEN’s penalties against UBS Financial Services ($125 million) and Canaccord Genuity ($80 million).
• Saxo Bank’s DKK 313 million fine in Denmark.
• FINMA’s findings against Julius Baer.
• The UAE Central Bank’s action against a foreign bank branch, fined AED 20 million, and its Head of Compliance and MLRO, fined AED 300,000 in a personal capacity.

The session will conclude with a discussion of FinCEN’s proposed AML/CFT program rule and its likely implications for future enforcement.

Register today