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Banks ‘paid $250bn for non-compliance’

Bahrain Business
Tue, 06 Feb 2018
By Avinash Saxena


MANAMA: Global banks have paid more than $250 billion in fines and penalties for non-compliance since the global financial crisis of 2008, Central Bank of Bahrain (CBB) Governor Rasheed Al Maraj said. Addressing participants in the 12th Annual Mena Regulatory Summit at The Ritz-Carlton Bahrain yesterday, he said the cost of non-compliance was not just monetary; it was also economic and social.

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