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Fines of the world’s biggest banks over the past eight years amounted to $321 billion

World banks have paid out $321 billion in fines since financial crisis for numerous violations, including money laundering, market manipulation and financing of terrorism, reported Bloomberg referring to the Boston Consulting Group data.

This amount will continue to grow in the coming years as European and Asian regulators begin to take an example from the more aggressive US regulators. In 2016 the world's banks were fined $42 billion, a 68% higher than it was a year earlier.

As rules of regulation evolve, fines and penalties, as well as related legal and court costs, will remain a price of conduct of business, according to Boston Consulting Group.


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