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After hitting rock bottom in 2019, U.S. anti-money laundering enforcement rebounded dramatically in both volume and value last year while penalties assessed in response to sanctions violations dropped. The Federal Reserve, Financial Crimes Enforcement Network, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency completed 40 AML enforcement actions last year after logging a record low of 22 in 2019, and assessed $233 million in AML-related penalties, up from just $10.5 million, data compiled by ACAMS moneylaundering.com shows. Taken altogether, AML breaches triggered 40 of 65 enforcement actions that the OCC, Federal Reserve, FinCEN and FDIC disclosed...