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From tax evasion to terrorism: These are the 10 biggest bank fines of 2020

Global banks paid out billions of dollars in fines in 2020

Goldman Sachs was fined over $5bn by regulators worldwide for its part in the Malaysian 1MDB scandal, when millions were looted from the state investment fund by corrupt officials
Goldman Sachs was fined over $5bn by regulators worldwide for its part in the Malaysian 1MDB scandal, when millions were looted from the state investment fund by corrupt officials Photo: Jeenah Moon/Getty Images

This year banking regulators around the world were kept busy dishing out fines for bad behaviour, ranging from money laundering breaches and facilitation of tax evasion, to close relationships with unsavoury characters.

The majority of the banks hit with the penalties were US-based lenders, who were fined by the country’s regulators.

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