Join us on "Tech Behind FinTech" for an in-depth episode titled "Breaking Down Why Regulatory Penalties for Financial Institutions Rose 31% Globally," airing live on Friday, August 23rd, 2024, at 12 PM EST. In this critical discussion, we're joined by Stanley Egbuchulam, CEO of Accounting Events, to explore the alarming rise in regulatory penalties against financial institutions worldwide. With a staggering 31% increase in fines in the first half of 2024 compared to the same period in 2023, this episode will unpack the reasons behind this surge. We'll examine the sharp increase in penalties, particularly for anti-money laundering (AML) violations, know your customer (KYC) breaches, and transaction monitoring failures. Stanley will provide expert insights into how financial institutions can navigate this increasingly complex regulatory landscape and what these trends mean for the future of global finance.

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