(0) LONDON, March 10, 2021 /PRNewswire/ -- London-based RegTech DueDil announces new release of its Continuous Updates product to help clients automate keeping customer data up to date and alleviate the compliance pressures of in-life monitoring Regulators issued more than $10 billion in Anti-Money Laundering fines to financial institutions in 2020, up 26% on 2019 figures according to research from Fenergo. UK-based institutions received fines totalling $199,306,927. These fines were issued for failure to comply with industry standards. These are vast sums of money that represent the continued crackdown on financial fraud and money laundering set out by the Government in its Economic Crime Plan from 2019-2022. One of the biggest challenges financial institutions face in meeting the regulatory requirements is ensuring that company information is accurate and up to date, checked regularly and meets necessary standards.