Corlytics report shows strict sanctions on EU banks


September 11 2017

Report findings show major EU banks are at the mercy of US regulators when it comes to fines, regulations and eCrime while operating in the US.

Risk-data and regulatory-risk intelligence firm Corlytics has produced telling findings from a report on eCrime enforcement. Banks operating outside of their originating jurisdiction are at the mercy of US regulators.

According to the Corlytics Barometer report, which spans from January 2012 to June 2017, UK, French, German and Swiss banks, with operating branches in the US, have paid almost 40% of fines related to economic crime in the United States.