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APAC Faced the Most Regulatory Fines in H1’24 Reveals Fenergo in Latest Report

The Fintech Times

The bank was ordered to pay the fine to resolve investigations by The Office of the Comptroller of the Currency (OCC), an independent bureau of the US Department of the Treasury. The most significant increase in enforcement action values relate to AML which increased by 87 per cent to $113.2million.