Each month, the ORX News team publish a list of the five largest operational risk losses reported in the previous month. The top five provides a snapshot of the stories in the ORX News database.
ORX News is the industry’s leading source of publicly-reported operational and non-financial risk loss events. Subscribers get full access to the summaries of the losses mentioned below. Each summary provides an overview of the loss and is categorised by over 50 dimensions including:
- Sector, country and region
- Business line and event type level 1 and 2
- ORX Reference Taxonomy standard level 1 and 2
Read on to discover the top operational risk loss events that have had the most impact.
Five largest operational risk losses in January 2025
1. KuCoin - $297.4 million
KuCoin fined USD 297.4 million by DoJ and exits US market over AML and KYC failures (ORX News subscribers log in to read the full summary)
2. Two Sigma - $255 million
Two Sigma pays USD 255 million for ignoring vulnerabilities in investment models (ORX News subscribers log in to read the full summary)
3. American Express - $230 million
American Express pays USD 230 million to DoJ over sales practices including inaccurate tax advice (ORX News subscribers log in to read the full summary)
4. Trafigura - $148.9 million
Trafigura to pay USD 148.9 million over bribes paid to Angolan official to win oil contracts (ORX News subscribers log in to read the full summary)
5. Block - $130 million
Klarna fined SEK 500 million by Swedish regulator for AML/CTF compliance failures (ORX News subscribers log in to read the full summary)
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