According to regtech firm Steeleye's annual Financial Services Fine Tracker, enforcement actions surged in the US and UK in 2024.
"In many ways, 2024 was quite exceptional from a regulatory standpoint," said Matt Smith, CEO and Co-Founder of SteelEye. “Not only did US regulators report record-breaking enforcement actions, but their British counterpart shifted up a gear with regards to doling out penalties.”
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