So, who is the top on the list of Regulatory penalties and Fines. IT is none other than HSBC.  It was fined US$ 1.9 Billion on Money Laundering lapses. ITs activity in Iran resulted it dear. I would not say that the fine was a surprise given that if HSBC chose to operate in Iran, it was very well aware of this lapse.

Next comes the Libor manipulation fine for UBS. Infact, Libor related fines will continue for sometime. we can expect this list to become Top 100 fines soon.

Overall, most of the fines relate to operational risk, Compliance issues and AML/KYC.

<img src="/files/Fine%20by%20banks.jpg" </img>