Compliance Radar
Who was sanctioned, and for what?
Fines, court rulings and incidents from Europe and North America: 756 cases from 32 jurisdictions, each with an official source and checked against that source before publication. Filter by country, area of law and sector. Click a chart to drill down one level.
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Where?
by countryWhat for?
by action- Fine €17.5m 100 % · 19 cases
Who?
by sectorAll sectors
When?
per quarter, by date of decision| Period | Cases | Total |
|---|---|---|
| Q3 2023 | 0 | — |
| Q4 2023 | 1 | €840,000 |
| Q1 2024 | 0 | — |
| Q2 2024 | 1 | €12,866 |
| Q3 2024 | 0 | — |
| Q4 2024 | 1 | €66,504 |
| Q1 2025 | 1 | €800 |
| Q2 2025 | 2 | €743,537 |
| Q3 2025 | 1 | €36,273 |
| Q4 2025 | 2 | €651,749 |
| Q1 2026 | 4 | €1.78m |
| Q2 2026 | 2 | €12.9m |
| Q3 2026 | 4 | €481,006 |
19 cases
27 Aug 2026 MiFinity Malta LimitedMalta: MiFinity pays 160,099 EUR following anti-money laundering examination €160,099
At the payment institution, the customer risk assessment had only been introduced after business had started, some customers remained unassessed, and customer profiles were based on transaction thresholds rather than on risk. The Financial Intelligence Analysis Unit (FIAU) set a fine of 266,833 EUR and a follow-up directive; under a settlement, the fine was reduced by 40% to 160,099 EUR.
A customer risk assessment belongs before business starts, not in a later remediation project.
Risk-based customer profiles and source of funds
- Authority / court
- Financial Intelligence Analysis Unit (FIAU)
- Area of law
- Money laundering and terrorist financing · Customer due diligence
- Legal basis
- Reg. 2(1), 5(5)(a)(ii), 7(1)(c), 7(2)(a), 21, 22 PMLFTR
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Mitigating circumstances
- Settlement with 40% reduction; remediation demonstrated
- Published
- 2 Sep 2026
- Settlement Agreement Publication Notice – MiFinity Malta Limited Decision of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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20 Aug 2026 Tax adviser uses firm's account for third-party payments: 30,000 EUR FMA penalty upheld €30,000
From December 2022, an auditor and tax adviser processed payments of another limited company totalling around 1.26 million EUR through the bank account of his tax advisory company, which was held as an own account, without disclosing this to the bank – according to the court, deliberately in order to avoid a compliance review. The Austrian Federal Administrative Court (Bundesverwaltungsgericht, BVwG) upheld the fine of 30,000 EUR imposed on him by the Financial Market Authority (Finanzmarktaufsicht, FMA) in its penalty decision of 27 November 2025, in his capacity as managing director of the account-holding company, which is liable for the penalty; an ordinary appeal on points of law is not admissible.
Customers also have obligations under anti-money laundering law: anyone channelling third-party funds through an own account must disclose this to the bank.
Disclosure obligations as a bank customer for trust and pass-through payments
- Authority / court
- Bundesverwaltungsgericht (BVwG); Straferkenntnis der Finanzmarktaufsicht (FMA) vom 27.11.2025
- Area of law
- Money laundering and terrorist financing · Customer due diligence
- Legal basis
- § 6 Abs. 3 FM-GwG (Offenlegung des Handelns auf fremde Rechnung) i. V. m. § 34 Abs. 5 FM-GwG; § 9 Abs. 1 und 7 VStG
- Action
- Fine
- Status of proceedings
- final
- Sector
- Other
- Culpability
- intentional
- Liability of senior managers
- Fine imposed on the managing director personally; liability of the company under Section 9(7) VStG (Austrian Administrative Penal Act)
- BVwG W607 2331234-1 vom 20.08.2026 Court decision
Checked against the official source on 25 Sep 2026 · Direct link
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14 Jul 2026 Goldwin LtdMalta: 80,907 EUR against online casino Goldwin for missing customer risk assessment €80,907
The 2022 examination revealed that for more than two years the remote gaming operator had had no proper customer risk assessment for almost its entire player base; the assessments submitted had been prepared specifically for the examination. In addition, once players reached the deposit threshold of 2,000 EUR, it did not check in good time whether they were politically exposed persons. The Financial Intelligence Analysis Unit (FIAU) imposed 80,907 EUR; the fine was still open to appeal at the time of publication.
Supervisory authorities see through risk assessments prepared only for the examination – they must be applied in day-to-day business.
Risk-based customer assessment in gambling
- Authority / court
- Financial Intelligence Analysis Unit (FIAU)
- Area of law
- Money laundering and terrorist financing · Customer due diligence
- Legal basis
- Reg. 5(5)(a)(ii), 11(5), 21 PMLFTR; FIAU Implementing Procedures Part I und II (Remote Gaming)
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Other
- Published
- 16 Jul 2026
- Administrative Measure Publication Notice – Goldwin Ltd Decision of an authority
- Publication of AML/CFT Administrative Penalties and Measures – FIAU Enforcement database of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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10 Jul 2026 Volksbank Düsseldorf Neuss eGBaFin: 210,000 EUR against Volksbank Düsseldorf Neuss over monitoring and reporting gaps €210,000
Germany's Federal Financial Supervisory Authority (BaFin) imposed fines totalling 210,000 EUR on the cooperative bank: business relationships were not monitored on an ongoing basis or with enhanced scrutiny, additional information was not obtained and suspicious activity reports were not filed or were filed late. The function of the money laundering reporting officer had been outsourced to an external service provider with several clients.
Institutions that outsource the anti-money laundering function remain responsible themselves for ongoing monitoring and timely suspicious activity reports.
Ongoing monitoring of business relationships and suspicious activity reporting
- Authority / court
- Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
- Area of law
- Money laundering and terrorist financing · Customer due diligence
- Legal basis
- § 56 Abs. 1 S. 1 Nr. 20, 36, 38 und 69 GwG; Bekanntmachung nach § 57 GwG
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Published
- 17 Sep 2026
- Volksbank Düsseldorf Neuss eG: Bafin setzt Bußgelder fest Press release of an authority
- Bekanntmachung zur Volksbank Düsseldorf Neuss eG (§ 57 GwG) Official register or notice
Checked against the official source on 25 Sep 2026 · Direct link
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23 Jun 2026 Banca Popolare Commerciale SpaBanca d'Italia: 40,000 EUR against Banca Popolare Commerciale over AML deficiencies €40,000
Following an on-site inspection from February to April 2025, the Bank of Italy (Banca d'Italia) found deficiencies in customer due diligence, active cooperation (suspicious transaction reporting) and anti-money laundering controls, and imposed an administrative fine of 40,000 EUR. The duration of the deficiencies and the corrective measures initiated were taken into account.
Gaps in customer due diligence and suspicious transaction reporting are consistently sanctioned after on-site inspections, even with smaller amounts – corrective measures reduce the sanction but do not replace it.
Customer due diligence and suspicious transaction reports
- Authority / court
- Banca d'Italia
- Area of law
- Money laundering and terrorist financing · Customer due diligence
- Legal basis
- Art. 62 d.lgs. 231/2007; Verstöße gegen Art. 7, 16–19, 24, 25, 35, 36 d.lgs. 231/2007
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Mitigating circumstances
- Corrective measures initiated
- Banca Popolare Commerciale Spa – Provvedimento n. 190 del 23 giugno 2026 (AML) Decision of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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17 Jun 2026 Ikano Bank ABIkano Bank: 140 million SEK over deficiencies in money laundering risk assessment and customer due diligence €12.9m
For the period April 2022 to May 2023, the Swedish financial supervisory authority Finansinspektionen (FI) found that the bank’s general risk assessment did not realistically assess the terrorist financing risks of its corporate products and that no enhanced due diligence measures were taken for high-risk corporate customers. FI issued a remark and imposed 140 million SEK; the bank has brought an action before the administrative court.
The money laundering risk assessment must reflect the actual customers and products – a generic assessment leaves the entire customer due diligence open to challenge.
Enhanced due diligence for high-risk customers
- Authority / court
- Finansinspektionen (FI)
- Area of law
- Money laundering and terrorist financing · Customer due diligence
- Legal basis
- Penningtvättslagen (2017:630)
- Action
- Fine
- Status of proceedings
- under appeal
- Sector
- Financial services and insurance
- Published
- 17 Jun 2026
Original amount 140,000,000 SEK, converted at the ECB reference rate of 17 Jun 2026.
- FI ger Ikano Bank en anmärkning och en sanktionsavgift (17.06.2026) Press release of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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23 Mar 2026 Stanleybet Malta LimitedMalta: 225,730 EUR against betting operator Stanleybet over lack of customer checks in betting shops €225,730
Malta's Financial Intelligence Analysis Unit (FIAU) imposed 225,730 EUR, a penalty payment of 2,000 EUR per day and a follow-up directive on the licensed gambling operator, which works through a network of independently operated betting shops in an EU member state. The company was unable to link customers' cumulative deposits across different shops and only checked customers from a single deposit of 2,000 EUR upwards, so the threshold could be circumvented. The company has appealed.
Thresholds must be aggregated per customer across all channels and branches – otherwise the system invites structuring.
Recognising structured deposits below the checking threshold
- Authority / court
- Financial Intelligence Analysis Unit (FIAU)
- Area of law
- Money laundering and terrorist financing · Customer due diligence
- Legal basis
- Regulation 21 PMLFTR; Verstöße gegen Regulations 5(5)(a)(ii), 7, 9(1) PMLFTR und FIAU Implementing Procedures
- Action
- Fine
- Status of proceedings
- under appeal
- Sector
- Other
- Published
- 16 Apr 2026
- Administrative Measure Publication Notice – Stanleybet Malta Limited Decision of an authority
- Administrative Measures – FIAU Enforcement database of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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20 Feb 2026 BVwG reduces FMA penalty against private bank over unclarified beneficial owners €356,000
From 2017 to 2020, an Austrian bank specialising in private and investment banking had not adequately examined the ownership and control structure of an offshore holding client despite the lack of evidence on shareholders, trust arrangements and beneficial owners. The Austrian Federal Administrative Court (Bundesverwaltungsgericht, BVwG) confirmed the infringement but reduced the additional penalty imposed by the Financial Market Authority (Finanzmarktaufsicht, FMA) in its penalty decision of 17 December 2024 from 476,000 to 356,000 EUR (total penalty 436,000 EUR less FMA penalties already paid), because the FMA had taken the seriousness of the offence into account twice and the bank had cooperated, admitted its errors and terminated the client relationship; an appeal on points of law has been permitted.
For offshore holdings with trustees, prove the beneficial owner with supporting documents – a self-declaration is not enough.
Identifying beneficial owners in holding and trust structures
- Authority / court
- Bundesverwaltungsgericht (BVwG); Straferkenntnis der Finanzmarktaufsicht (FMA) vom 17.12.2024
- Area of law
- Money laundering and terrorist financing · Customer due diligence
- Legal basis
- § 9 Abs. 1 erster Satz i. V. m. § 6 Abs. 1 Z 2 FM-GwG; § 35 Abs. 1 und 3 i. V. m. § 34 Abs. 1 Z 2 und Abs. 2 FM-GwG; § 22 Abs. 9 FMABG (Zusatzstrafe)
- Action
- Fine
- Status of proceedings
- reduced
- Sector
- Financial services and insurance
- Culpability
- negligent
- Mitigating circumstances
- Reduction by the court because the wrongfulness of the offence had been counted twice, cooperation, admission of the facts and of guilt, and termination of the client relationship
- BVwG W204 2306222-1 vom 20.02.2026 Court decision
Checked against the official source on 25 Sep 2026 · Direct link
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17 Feb 2026 BVwG upholds 588,000 EUR FMA penalty against major bank over incorrect risk classification €588,000
The Austrian Federal Administrative Court (Bundesverwaltungsgericht, BVwG) dismissed the appeal of a listed major Austrian bank and upheld the fine of 588,000 EUR (plus 58,800 EUR in procedural costs) imposed by the Financial Market Authority (Finanzmarktaufsicht, FMA) in its penalty decision of 19 November 2024. From 2017 to 2020, the bank had not adequately risk-classified three business relationships and had disregarded sector risks such as gambling and precious metals trading as well as cash intensity; an appeal on points of law has been permitted.
Customers from gambling or precious metals trading with a high share of cash belong in a higher risk class – otherwise the enhanced obligations are missing.
Risk classification of cash-intensive high-risk sectors
- Authority / court
- Bundesverwaltungsgericht (BVwG); Straferkenntnis der Finanzmarktaufsicht (FMA) vom 19.11.2024
- Area of law
- Money laundering and terrorist financing · Customer due diligence
- Legal basis
- § 6 Abs. 5 i. V. m. § 34 Abs. 1 Z 2 und § 35 Abs. 1–3 FM-GwG
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- BVwG W204 2304676-1 vom 17.02.2026 Court decision
Checked against the official source on 25 Sep 2026 · Direct link
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20 Jan 2026 Cardif Lux Vie S.A.Cardif Lux Vie: 615,000 EUR over deficiencies in money laundering questionnaires and customer files €615,000
An on-site inspection in 2023 revealed that the life insurer in some cases did not handle the mandatory money laundering risk assessment questionnaires in compliance with the rules, that the employees responsible lacked sufficiently precise instructions and that customer files contained many incorrect answers. The Commissariat aux Assurances (Luxembourg insurance supervisory authority, CAA) imposed 615,000 EUR.
Risk questionnaires are only as good as the guidance given to those who complete them – clear work instructions and training are part of this.
Money laundering risk assessment by employees
- Authority / court
- Commissariat aux Assurances (CAA)
- Area of law
- Money laundering and terrorist financing · Customer due diligence
- Legal basis
- Loi modifiée du 12 novembre 2004 (LBC/FT), Art. 2-1, 8-4, 8-5; Règlement CAA 20/03
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Mitigating circumstances
- Close cooperation with the CAA during and after the inspection; remediation plan for all deficiencies submitted promptly.
- Published
- 1 Jul 2026
- CAA – Sanction administrative Cardif Lux Vie S.A. (01.07.2026) Decision of an authority
- CAA – Sanctions et autres mesures administratives Enforcement database of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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16 Dec 2025 Hardeck Möbel GmbH & Co. KGFurniture retailer Hardeck: 379,503 EUR fine for breach of AML due diligence obligations €379,504
The Arnsberg regional government (Bezirksregierung Arnsberg), as anti-money laundering supervisor for the non-financial sector, imposed a fine of 379,503.50 EUR, final since 16 December 2025, on the furniture retailer as a dealer in goods for breach of due diligence obligations under the German Money Laundering Act (Geldwäschegesetz, GwG). Karl-Ernst Hardeck is named as the person responsible for the company.
Furniture retailers, as dealers in goods, are also obliged entities under the GwG – breaches of due diligence obligations can trigger six-figure fines.
Identification for cash payments in the trade in goods
- Authority / court
- Bezirksregierung Arnsberg (Geldwäscheaufsicht Nichtfinanzsektor)
- Area of law
- Money laundering and terrorist financing · Customer due diligence
- Legal basis
- Geldwäschegesetz (Sorgfaltspflichten); Bekanntmachung nach § 57 GwG
- Action
- Fine
- Status of proceedings
- final
- Sector
- Retail and e-commerce
- Liability of senior managers
- The announcement names Karl-Ernst Hardeck as the person responsible for the infringement
- Bekanntmachung nach § 57 GwG – Bezirksregierung Arnsberg Official register or notice
Checked against the official source on 25 Sep 2026 · Direct link
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15 Oct 2025 Zimpler ABZimpler: 3 million SEK over anti-money laundering deficiencies at gambling-related payment service €272,245
Between July 2023 and April 2024, the payment service provider, a substantial part of whose business is linked to the gambling sector, had gaps in its general risk assessment (including a missing assessment of its currency exchange service), in its customer risk assessment and in customer due diligence. The Swedish financial supervisory authority Finansinspektionen (FI) issued a remark and imposed 3 million SEK.
Include every new product – even an ancillary service such as currency exchange – in the money laundering risk assessment before launch.
Money laundering risks in the gambling environment
- Authority / court
- Finansinspektionen (FI)
- Area of law
- Money laundering and terrorist financing · Customer due diligence
- Legal basis
- Penningtvättslagen (2017:630)
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Published
- 15 Oct 2025
Original amount 3,000,000 SEK, converted at the ECB reference rate of 15 Oct 2025.
- Zimpler får en anmärkning och sanktionsavgift (15.10.2025) Press release of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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2 Jul 2025 Swilly Mulroy Credit Union LimitedIreland: small credit union accepted cash from non-members without checks €36,273
Between 2014 and 2021, the credit union solicited cash from persons without an account and accepted 2,329 cash deposits totalling 8.75 million EUR without the required anti-money laundering checks; the board had known about the risk since 2015, and there was no self-reporting. The Central Bank of Ireland imposed a reprimand and 36,273 EUR (after a 30% discount on 51,819 EUR).
Even small cooperative banks must identify cash from non-customers – and would do better to self-report known risks.
Identification for cash deposits by non-customers
- Authority / court
- Central Bank of Ireland
- Area of law
- Money laundering and terrorist financing · Customer due diligence
- Legal basis
- Criminal Justice (Money Laundering and Terrorist Financing) Act 2010; Credit Union Act 1997
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Mitigating circumstances
- 30% settlement discount
- Liability of senior managers
- The board had known about the risks since 2015 without taking remedial action
- Published
- 2 Jul 2025
Checked against the official source on 25 Sep 2026 · Direct link
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23 Jun 2025 C2D Payment Solutions LimitedMalta: 243,537 EUR against C2D Payment Solutions for ignoring cash risks €243,537
The financial institution did not take into account its customers’ significant cash exposure in its customer risk assessment, so that almost all customers were rated low risk – even with cash deposits of over 100,000 EUR. The Financial Intelligence Analysis Unit (FIAU) imposed 243,537 EUR and a follow-up directive; the fine was open to appeal at the time of publication.
Cash is an explicit high-risk factor – a risk model that ignores it is worthless.
Recognising cash as a risk factor
- Authority / court
- Financial Intelligence Analysis Unit (FIAU)
- Area of law
- Money laundering and terrorist financing · Customer due diligence
- Legal basis
- Reg. 5(5)(a)(ii), 7(1)(c), 7(1)(d), 7(2)(a), 21 PMLFTR
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Published
- 23 Jun 2025
- Administrative Measure Publication Notice – C2D Payment Solutions Limited Decision of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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2 Jun 2025 LocalBitcoins OyLocalBitcoins: 500,000 EUR for failing to identify customers when opening accounts €500,000
During an inspection in 2024, the Finanssivalvonta (Finnish Financial Supervisory Authority, FIN-FSA) found that the crypto trading platform had not identified and verified its customers when establishing permanent business relationships. Taking the company’s financial situation into account, it imposed 500,000 EUR; LocalBitcoins has appealed to the Helsinki Administrative Court.
KYC is a prerequisite for every business relationship – not an obligation to be met retrospectively once volumes grow.
Customer identification (KYC)
- Authority / court
- Finanssivalvonta (FIN-FSA)
- Area of law
- Money laundering and terrorist financing · Customer due diligence
- Legal basis
- Finnisches Geldwäschegesetz – Identifizierung und Verifizierung von Kunden
- Action
- Fine
- Status of proceedings
- under appeal
- Sector
- Financial services and insurance
- Published
- 3 Jun 2025
- Finanssivalvonta – LocalBitcoins Oy:lle 500 000 euron seuraamusmaksu (3.6.2025) Press release of an authority
- Finanssivalvonta – Hallinnolliset seuraamukset (Übersicht mit Rechtskraftvermerk) Enforcement database of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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15 Jan 2025 Saxony: fine against estate agent for breach of AML due diligence obligations €800
The Saxony State Directorate (Landesdirektion Sachsen), as anti-money laundering supervisor for the non-financial sector, imposed a fine of 800 EUR on an estate agent, announced in anonymised form, for breach of the due diligence obligations under the German Money Laundering Act (GwG). The list of announcements shows numerous further fines and reprimands against agents ranging from 50 to 5,000 EUR.
Estate agents must identify both contracting parties in good time – even small offices are subject to active anti-money laundering supervision.
Identification of contracting parties in property brokerage
- Authority / court
- Landesdirektion Sachsen (Geldwäscheaufsicht Nichtfinanzsektor)
- Area of law
- Money laundering and terrorist financing · Customer due diligence
- Legal basis
- Geldwäschegesetz (Sorgfaltspflichten); Bekanntmachung nach § 57 GwG
- Action
- Fine
- Status of proceedings
- final
- Sector
- Construction and real estate
- Bekanntmachungen gemäß § 57 GwG – Landesdirektion Sachsen (lfd. Nr. 29) Official register or notice
Checked against the official source on 25 Sep 2026 · Direct link
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13 Nov 2024 Integritas Consulting LtdMalta: 66,504 EUR against corporate services firm Integritas for lack of monitoring €66,504
The corporate services provider did not question why a client company that had been dormant for seven years suddenly received over 4 million EUR and passed almost identical amounts on to its shareholder, and did not keep customer information up to date. The Financial Intelligence Analysis Unit (FIAU) imposed 66,504 EUR; remediation was no longer possible because the firm had surrendered its licence and is being wound up.
Sudden flows of millions through dormant companies are a trigger for updated due diligence and, where appropriate, a suspicious transaction report.
Recognising unusual transactions in dormant companies
- Authority / court
- Financial Intelligence Analysis Unit (FIAU)
- Area of law
- Money laundering and terrorist financing · Customer due diligence
- Legal basis
- Reg. 7(2)(a), 7(2)(b), 11(9), 15(3) PMLFTR
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Other
- Published
- 13 Nov 2024
- Administrative Measure Publication Notice – Integritas Consulting Ltd Decision of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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5 Jun 2024 CarXclusive GmbHCar dealer CarXclusive: 12,866 EUR fine for breach of AML due diligence obligations €12,866
A fine of 12,866 EUR, final since 5 June 2024, was imposed on the motor vehicle dealer by the Arnsberg regional government (Bezirksregierung Arnsberg), as anti-money laundering supervisor for the non-financial sector, for breach of the due diligence obligations of the German Money Laundering Act (Geldwäschegesetz, GwG), and the company was publicly named.
Car dealerships must identify and document buyers for cash payments of 10,000 EUR or more – sales staff must know the threshold.
Customer identification when selling vehicles for cash
- Authority / court
- Bezirksregierung Arnsberg (Geldwäscheaufsicht Nichtfinanzsektor)
- Area of law
- Money laundering and terrorist financing · Customer due diligence
- Legal basis
- Geldwäschegesetz (Sorgfaltspflichten); Bekanntmachung nach § 57 GwG
- Action
- Fine
- Status of proceedings
- final
- Sector
- Automotive
- Bekanntmachung nach § 57 GwG – Bezirksregierung Arnsberg Official register or notice
Checked against the official source on 25 Sep 2026 · Direct link
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24 Nov 2023 UAB „Finansinės paslaugos „Contis““Contis: 840,000 EUR for anti-money laundering delegated to partners without oversight €840,000
The e-money institution had delegated anti-money laundering tasks to its distribution partners without monitoring them; customer profiles were often not completed, risks (including from crypto-assets) were not assessed, monitoring was insufficient and the second and third lines of defence for ICT risks were missing. Fine of 840,000 EUR, obligation to remedy the deficiencies and restriction on business expansion. Source: archived copy of the press release.
AML duties can be delegated to distribution partners, responsibility cannot – without oversight of the partners, the institution is liable.
- Authority / court
- Lietuvos bankas (Litauische Zentralbank, Finanzaufsicht)
- Area of law
- Money laundering and terrorist financing · Customer due diligence
- Legal basis
- Pinigų plovimo ir teroristų finansavimo prevencijos įstatymas; IKT-Risikomanagement-Anforderungen
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Mitigating circumstances
- The institution submitted a remediation plan and had initiated first steps.
- Published
- 24 Nov 2023
- Lietuvos bankas, Pranešimas 2023-11-24 (Archivkopie web.archive.org von lb.lt) Press release of an authority
Checked against the official source on 25 Sep 2026 · Direct link