Global Enforcement Data 2022
REGULATORS ROAR BACK TO LIFE IN 2022 AFTER A GLOBAL DECLINE IN FINES ISSUED IN 2021
We’ve seen US regulators issue fines in 2022 exceeding $1bn, including fines of more than $6 billion against Allianz.
In terms of enforcement amounts what’s interesting, in particular, is the largest chunk of European enforcement activity is made up of fines against a single institution, namely Meta, by the Data Protection Commission. (In the opening days of 2023, we have seen the DPC issue yet another fine of €390 Mn against Meta.)
Looking forward into 2023, key areas that we would expect regulators to be looking at carefully include crypto regulation, sanctions compliance and greenwashing claims.
Corlytics’ forensic analysis of regulatory data is provided by our team of experts to meet today’s requirement to track regulatory activity across the globe.
We provide quarterly updates of global enforcement analytics and this data is charted by amount, by year, by jurisdiction, by regulatory category, by business line.
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