Top 5 ORX News Losses: March 2026

Each month, the ORX News team publish a list of the five largest operational risk losses reported in the previous month by industry and region. 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 based on loss amount, followed by the largest loss for insurance, and finally the top losses in the North America and Europe, Middle East and Asia regions.

Five largest operational risk losses in March 2026

1. BBVA – $209.3 million 

BBVA ordered to pay EUR 181.8 million by Spain's anti-corruption unit over corporate espionage (ORX News subscribers log in to read the full summary)

2. Aetna – $117.7 million 

Aetna pays USD 117.7 million to resolve claims it filed false diagnoses to defraud Medicare (ORX News subscribers log in to read the full summary) 

3. Brookfield Asset Management – $83.8 million

BAM pays USD 83.8 million to settle claims it mistreated investors in squeeze-out merger (ORX News subscribers log in to read the full summary)

4. Canaccord – $75 million 

Canaccord fined USD 75 million by US regulators for AML and other compliance failures (ORX News subscribers log in to read the full summary)

5. Bank of America – $72.5 million 

BofA pays USD 72.5 million to settle lawsuit alleging it provided services to Epstein (ORX News subscribers log in to read the full summary)

Largest insurance loss

Subscribers of ORX News can log into the ORX News platform to read the complete list of the top five losses from the insurance sector.

Aetna – $117.7 million 

Aetna pays USD 117.7 million to resolve claims it filed false diagnoses to defraud Medicare (ORX News subscribers log in to read the full summary)

Largest losses by region

Subscribers of ORX News can log into the ORX News platform to view all top five losses by region.

North America

Aetna – $117.7 million 

Aetna pays USD 117.7 million to resolve claims it filed false diagnoses to defraud Medicare (ORX News subscribers log in to read the full summary)

Global

BBVA – $209.3 million 

BBVA ordered to pay EUR 181.8 million by Spain's anti-corruption unit over corporate espionage (ORX News subscribers log in to read the full summary) 

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