Who was sanctioned, and for what?

Following an on-site inspection, the Finantsinspektsioon (Estonian Financial Supervision Authority) issued an order requiring the payment institution Wallester to remedy, by 31 December, deficiencies in governance and control functions (separation of the lines of defence, internal rules), in safeguarding customer funds and in the staffing of its anti-money laundering and counter-terrorist financing function. Date = publication of the press release.

Authority / court

Finantsinspektsioon (Estnische Finanzaufsicht)

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

Aufsichtsrechtliche Anordnung (ettekirjutus) der Finantsinspektsioon

Action

Order

Status of proceedings

unknown

Sector

Financial services and insurance

Published

16 Sep 2026

Checked against the official source on 25 Sep 2026 · Direct link

Following a 2023 inspection, the supervisor found inadequate customer due diligence and inadequate enhanced and ongoing due diligence in sampled files, no ongoing training for sampled employees and gaps in the risk management and compliance programme, such as name and payment screening manuals that had not been approved by management before being implemented, and inadequately documented arrangements for terrorist property reporting and financial sanctions. Five cautions and penalties of 28 million ZAR were imposed, of which 5.5 million ZAR is suspended for 36 months from 13 October 2025; the bank had already been sanctioned with 56.25 million ZAR in December 2024. The amount and the facts have not been confirmed against the primary source.

Authority / court

Prudential Authority (PA) der South African Reserve Bank

Area of law

Money laundering and terrorist financing · Customer due diligence

Legal basis

Sections 21, 21A und 21C i. V. m. 42(1), 42(2)(d), (e), (g) sowie Sections 42 und 43 Financial Intelligence Centre Act 38 of 2001

Action

Fine

Status of proceedings

unknown

Sector

Financial services and insurance

Repeat case

yes

Mitigating circumstances

Cooperation in remedying the deficiencies; 5.5 million ZAR suspended for 36 months.

Published

11 Sep 2026

Original amount 28,000,000 ZAR, converted at the ECB reference rate of 11 Sep 2026.

Checked against the official source on 4 Oct 2026 · Direct link

The financial institution did not deliver on time the data due every seven days to the Centralised Bank Account Register (CBAR). The Financial Intelligence Analysis Unit (FIAU) set a fine of 162,704 EUR, which was reduced by 40% to 97,622 EUR under a settlement pursuant to its 2026 settlement policy.

Authority / court

Financial Intelligence Analysis Unit (FIAU)

Area of law

Money laundering and terrorist financing

Legal basis

Reg. 4(2), 8, 9 CBAR Regulations (S.L. 373.03)

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Mitigating circumstances

Settlement with 40% reduction

Published

4 Sep 2026

Checked against the official source on 25 Sep 2026 · Direct link

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.

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

Checked against the official source on 25 Sep 2026 · Direct link

The Banque nationale de Belgique (National Bank of Belgium) found serious anti-money laundering due diligence failures at Wise Europe SA, including in identifying and verifying customers and beneficial owners, ongoing monitoring of business relationships, analysis of atypical transactions and intra-group information sharing. It made public that Wise Europe had not complied with an order of 8 July 2025 to meet these obligations by 31 March 2026, and ordered full compliance by 31 January 2027 at the latest; no fine was published.

Authority / court

Banque nationale de Belgique / Nationale Bank van België (BNB/NBB)

Area of law

Money laundering and terrorist financing · Customer due diligence

Legal basis

Art. 13 § 1, 23, 26, 27, 35 § 1 und 45 Gesetz vom 18. September 2017 zur Verhinderung von Geldwäsche; Anordnung nach Art. 93 § 1 1°, Veröffentlichung nach Art. 93 § 2 1° und Art. 98/1 i. V. m. 135 § 3

Action

Order

Status of proceedings

unknown

Sector

Financial services and insurance

Repeat case

yes

Published

25 Aug 2026

Checked against the official source on 2 Oct 2026 · Direct link

The Finanzmarktaufsicht (FMA, Liechtenstein Financial Market Authority) fined an unnamed legal person CHF 50,000 for breaches of the Sorgfaltspflichtgesetz (Due Diligence Act) – business profiles not established or updated as required, group-wide application of the due diligence standard not ensured – and of the Gesetz über die Durchsetzung internationaler Sanktionen (ISG, Act on the Enforcement of International Sanctions). The ISG provision relied on makes it an offence punishable by a fine not to carry out the sanctions screening of customer and transaction documents, or to carry it out improperly or late.

Authority / court

Finanzmarktaufsicht Liechtenstein (FMA)

Area of law

Money laundering and terrorist financing · Customer due diligence

Legal basis

Art. 31 Abs. 1 Bst. e und k Sorgfaltspflichtgesetz (SPG); Art. 11 Abs. 1a Bst. c Gesetz über die Durchsetzung internationaler Sanktionen (ISG)

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Original amount 50,000 CHF, converted at the ECB reference rate of 21 Aug 2026.

Checked against the official source on 28 Sep 2026 · Direct link

The operator of quinnbet.com will pay £415,986 in lieu of a financial penalty to the Consolidated Fund (the UK Government's general account) under a settlement and contribute to the Commission's investigation costs. The settlement also includes a disgorgement of £193,118, which is not included in the amount shown. A compliance assessment found breaches of the anti-money laundering licence condition LC 12.1.1 paras. 2 and 3 (March 2023 to August 2025) and of the customer interaction requirements under SRCP 3.4.3; following an error during a platform migration, some of the required financial vulnerability checks under SRCP 3.4.4 were also not carried out between February and May 2025. It is the first enforcement action against the company.

Authority / court

Gambling Commission

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

s. 116 Gambling Act 2005; LC 12.1.1 Abs. 2 und 3, SRCP 3.4.3 und SRCP 3.4.4 Abs. 1 der Licence Conditions and Codes of Practice (LCCP)

Action

Fine

Status of proceedings

final

Sector

Other

Repeat case

no

Mitigating circumstances

No previous enforcement action, a swift action plan, full cooperation, early voluntary reporting of some of the failings, voluntary divestment of the funds gained from them and early acceptance of the failings.

Published

20 Aug 2026

Original amount 415,986 GBP, converted at the ECB reference rate of 20 Aug 2026.

Checked against the official source on 3 Oct 2026 · Direct link

The Comitê de Decisão de Processo Administrativo Sancionador (COPAS, sanctions decision committee) of the Banco Central do Brasil (Brazilian central bank) fined Banco Genial S.A. a total of BRL 21,560,000.00: BRL 4,200,000.00 for inadequate anti-money laundering policies, procedures and controls, BRL 8,920,000.00 for failing to verify the credentials of foreign exchange clients and BRL 8,440,000.00 for failing to file suspicious activity reports with the financial intelligence unit Coaf in the proper form and on time. According to the case documents, the reporting charge concerned 1,364 foreign exchange transactions for the acquisition of virtual assets with five clients between November 2020 and October 2021, totalling USD 744,341,982.45.

Authority / court

Banco Central do Brasil (Comitê de Decisão de Processo Administrativo Sancionador – COPAS)

Area of law

Money laundering and terrorist financing · Customer due diligence

Legal basis

Lei nº 9.613/1998, Art. 10 III, Art. 11 und 12; Lei nº 13.506/2017; Circular BCB nº 3.978/2020; Resolução CMN nº 3.568/2008

Action

Fine

Status of proceedings

unknown

Sector

Financial services and insurance

Liability of senior managers

Measures against individuals are not set out here.

Original amount 21,560,000 BRL, converted at the ECB reference rate of 12 Aug 2026.

Checked against the official source on 3 Oct 2026 · Direct link

Finanstilsynet (Norwegian Financial Supervisory Authority) fined the accounting firm Panzer Norge AS, based in Alta, NOK 100,000 under the Anti-Money Laundering Act. The inspection found shortcomings in the firm-wide risk assessment and in customer due diligence, as well as further breaches in risk and quality management and in engagement agreements; the company, which had five employees, essentially did not dispute the breaches.

Authority / court

Finanstilsynet

Area of law

Money laundering and terrorist financing · Customer due diligence

Legal basis

§§ 7, 8, 9, 12 Abs. 4, 13 Abs. 1, 3 und 4, 14, 24 und 49 hvitvaskingsloven

Action

Fine

Status of proceedings

unknown

Sector

Other

Employees

Under 50

Culpability

negligent

Published

17 Sep 2026

Original amount 100,000 NOK, converted at the ECB reference rate of 11 Aug 2026.

Checked against the official source on 28 Sep 2026 · Direct link

According to FINTRAC, Your Neighbourhood Credit Union Limited is a provincially regulated credit union based in Kitchener, Ontario. Canada's anti-money laundering regulator FINTRAC imposed an administrative monetary penalty of CAD 16,500 on the company on 10 August 2026. According to FINTRAC's findings, made during a compliance examination, the company committed one violation of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its regulations. As described by the regulator, the violation concerned written compliance policies and procedures. According to FINTRAC, the penalty has been paid in full and the case is closed. Source: FINTRAC (Financial Transactions and Reports Analysis Centre of Canada), "Administrative monetary penalty on Your Neighbourhood Credit Union Limited", published 24 September 2026, https://fintrac-canafe.canada.ca/pen/amps/pen-2026-09-24-2-eng; summarised in our own words; not an official version and not a reproduction of the original.

Authority / court

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

PCMLTFA s. 9.6(1); PCMLTF Regulations 156(1)(b); Verwaltungsgeldbuße nach Teil 4.1 PCMLTFA

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Published

24 Sep 2026

Original amount 16,500 CAD, converted at the ECB reference rate of 10 Aug 2026.

Checked against the official source on 28 Sep 2026 · Version 3 · Direct link

The US Financial Crimes Enforcement Network (FinCEN) imposed 125 million USD on the broker-dealer – the highest BSA penalty against a broker-dealer to date. UBSFS admitted wilful infringements: the AML programme was inadequate, more than 50,000 foreign currency transfers totalling more than 10 billion USD were not adequately monitored and suspicious activity reports were not filed; it is already the second enforcement action after 2018.

Authority / court

Financial Crimes Enforcement Network (FinCEN)

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

Bank Secrecy Act (BSA)

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Employees

10,000 or more

Culpability

intentional

Repeat case

yes

Mitigating circumstances

Up to 15 million USD (remaining amount due by 31 May 2028) may be waived to the extent that UBSFS bears the costs of the independent review of its AML programme and implements its recommendations

Published

3 Aug 2026

Original amount 125,000,000 USD, converted at the ECB reference rate of 3 Aug 2026.

Checked against the official source on 25 Sep 2026 · Direct link

The Bundesstrafgericht (Federal Criminal Court) found Banque Lombard Odier & Cie SA guilty of failing to take adequate organisational measures against aggravated money laundering by a former relationship manager who in 2011 and 2012 handled accounts of a criminal organisation holding proceeds of corruption in the Uzbek telecommunications market; despite warning signs, the bank's anti-money-laundering functions did not sufficiently ensure that the origin and purpose of the funds were investigated and documented. The bank was fined CHF 3,000,000 and bears procedural costs of CHF 24,561.49; it was acquitted on the remaining charges, and proceedings for acts before 27 July 2011 were dismissed as time-barred. The judgment is not final.

Authority / court

Bundesstrafgericht (Strafkammer), Anklage der Bundesanwaltschaft

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

Art. 102 Abs. 2 StGB i.V.m. Art. 305bis Ziff. 1 und 2 StGB (Urteil SK.2023.42)

Action

Fine

Status of proceedings

unknown

Sector

Financial services and insurance

Mitigating circumstances

The long time elapsed since the offences (2011/2012) was taken into account as mitigating.

Published

27 Jul 2026

Original amount 3,000,000 CHF, converted at the ECB reference rate of 27 Jul 2026.

Checked against the official source on 2 Oct 2026 · Direct link

According to FINTRAC, The New Brunswick Lotteries and Gaming Corporation is a reporting entity in the casino sector based in Fredericton, New Brunswick. Canada's anti-money laundering regulator FINTRAC imposed an administrative monetary penalty of CAD 399,712.50 on the company on 24 July 2026. According to FINTRAC's findings, made during a compliance examination, the company committed one violation of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its regulations. As described by the regulator, the violation concerned suspicious transaction reporting. According to FINTRAC, the penalty has been paid in full and the case is closed. Source: FINTRAC (Financial Transactions and Reports Analysis Centre of Canada), "Administrative monetary penalty on the New Brunswick Lotteries and Gaming Corporation", published 3 September 2026, https://fintrac-canafe.canada.ca/pen/amps/pen-2026-09-03-2-eng; summarised in our own words; not an official version and not a reproduction of the original.

Authority / court

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Area of law

Money laundering and terrorist financing · Suspicious activity reports

Legal basis

PCMLTFA s. 7; Verwaltungsgeldbuße nach Teil 4.1 PCMLTFA

Action

Fine

Status of proceedings

final

Sector

Other

Published

3 Sep 2026

Original amount 399,712.5 CAD, converted at the ECB reference rate of 24 Jul 2026.

Checked against the official source on 28 Sep 2026 · Version 3 · Direct link

Despite a cease-and-desist notice and enforcement action of 2 January 2025, the Virtual Assets Regulatory Authority (VARA, Dubai's virtual assets regulator) found that Shelbit General Trading L.L.C (Shelbit Exchange) continued to provide virtual asset services in and from Dubai without a licence, onboarded users without the mandatory KYC checks and promoted its services without authorisation. VARA again imposed fines of an undisclosed amount and ordered it to cease immediately; according to the regulator, the risk identified also concerned cross-border transactions with possible consequences for the integrity of the UAE financial system.

Authority / court

Virtual Assets Regulatory Authority (VARA), Dubai

Area of law

Money laundering and terrorist financing · Customer due diligence

Legal basis

Federal Decree-Law No. (10) of 2025 (AML/CFT/PF); Cabinet Resolution No. (111) of 2022; Dubai Law No. (4) of 2022 Regulating Virtual Assets in the Emirate of Dubai; VARA Regulations and Rulebooks

Action

Fine

Status of proceedings

unknown

Sector

Financial services and insurance

Repeat case

yes

Published

24 Jul 2026

Checked against the official source on 3 Oct 2026 · Direct link

The games supplier will pay £4,750,000 in lieu of a financial penalty under a regulatory settlement, contribute to the Commission's investigation costs and accept an additional licence condition requiring an independent audit within twelve months. Five genuine Evolution games were accessible at scale to consumers in Great Britain via six websites of two operators not licensed by the Gambling Commission; between April 2024 and January 2025, its risk assessment and its anti-money laundering policies and controls did not adequately address risks arising from business partners in particular (LC 12.1.1, LC 12.1.2). After the Commission notified it in December 2024, Evolution immediately and permanently blocked the games for users in Great Britain.

Authority / court

Gambling Commission

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

s. 116 Gambling Act 2005; LC 12.1.1 Abs. 1–3 und LC 12.1.2 der Licence Conditions and Codes of Practice (LCCP); Reg. 18, 19(1)(a) und 28(1) Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017

Action

Fine

Status of proceedings

final

Sector

Other

Mitigating circumstances

A swift action plan with progress updates, full cooperation with the investigation and early acceptance of the failings.

Published

23 Jul 2026

Original amount 4,750,000 GBP, converted at the ECB reference rate of 23 Jul 2026.

Checked against the official source on 3 Oct 2026 · Direct link

According to FINTRAC, Caisse populaire acadienne ltée is a federally regulated credit union based in Caraquet, New Brunswick. Canada's anti-money laundering regulator FINTRAC imposed an administrative monetary penalty of CAD 676,500 on the company on 23 July 2026. According to FINTRAC's findings, made during a compliance examination, the company committed 3 violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its regulations. As described by the regulator, the violations concerned suspicious transaction reporting, written compliance policies and procedures and assessing and documenting money laundering and terrorist financing risks. Specifically, according to FINTRAC, the credit union failed in four instances to report multiple transactions that showed indicators of suspicion. According to FINTRAC, the penalty has been paid in full and the case is closed. Source: FINTRAC (Financial Transactions and Reports Analysis Centre of Canada), "Administrative monetary penalty on Caisse populaire acadienne ltée", published 24 September 2026, https://fintrac-canafe.canada.ca/pen/amps/pen-2026-09-24-4-eng; summarised in our own words; not an official version and not a reproduction of the original.

Authority / court

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Area of law

Money laundering and terrorist financing · Suspicious activity reports

Legal basis

PCMLTFA s. 7, 9.6(1); PCMLTF Regulations 156(1)(b), 156(1)(c), 156(2); Verwaltungsgeldbuße nach Teil 4.1 PCMLTFA

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Published

24 Sep 2026

Original amount 676,500 CAD, converted at the ECB reference rate of 23 Jul 2026.

Checked against the official source on 28 Sep 2026 · Version 3 · Direct link

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) imposed 231,826 CAD on the Halifax gaming corporation (casino sector) because it failed to file suspicious transaction reports on attempted transactions despite reasonable grounds for suspicion, did not keep its compliance policies up to date and approved by a senior officer, and did not assess the money laundering risk as required. The penalty was paid in full.

Authority / court

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Area of law

Money laundering and terrorist financing · Suspicious activity reports

Legal basis

Proceeds of Crime (Money Laundering) and Terrorist Financing Act, Part 1, und zugehörige Verordnungen

Action

Fine

Status of proceedings

final

Sector

Other

Published

3 Sep 2026

Original amount 231,826 CAD, converted at the ECB reference rate of 23 Jul 2026.

Checked against the official source on 25 Sep 2026 · Direct link

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.

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

Checked against the official source on 25 Sep 2026 · Direct link

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.

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

Checked against the official source on 25 Sep 2026 · Direct link

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.

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

Checked against the official source on 25 Sep 2026 · Direct link

The UK Financial Conduct Authority (FCA) issued a public censure because the London branch opened and operated accounts for the wealth manager WealthTek, although its own register searches showed that it lacked permissions to hold client assets, and overlooked a restriction noted in the register; 16 monitoring alerts were not worked through over two years, and more than £314 million flowed through the accounts. In view of cooperation and a voluntary payment of £31.7 million to WealthTek clients, the FCA refrained from imposing a fine (otherwise £23.1 million after discount).

Authority / court

Financial Conduct Authority (FCA)

Area of law

Money laundering and terrorist financing · Customer due diligence

Legal basis

Section 205 FSMA (Public Censure) wegen Verstoßes gegen FCA Principle 2; Maßstab u. a. SYSC 6.1.1R, 6.3.1R, 6.3.3R und Regulations 18, 27, 28 MLR 2017

Action

Reprimand or warning

Status of proceedings

final

Sector

Financial services and insurance

Mitigating circumstances

Cooperation, acknowledgement of the deficiencies and a voluntary payment of £31,714,068 to those harmed

Published

25 Jun 2026

Checked against the official source on 25 Sep 2026 · Direct link

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.

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.

Checked against the official source on 25 Sep 2026 · Direct link

According to investigations by the Virtual Assets Regulatory Authority (VARA, Dubai's virtual assets regulator), MX Global Ltd, which trades under the MEXC brand, provided broker-dealer and/or exchange services to customers in Dubai without a licence from 2022 to April 2026 and onboarded users without the KYC checks required by law. VARA imposed fines of an undisclosed amount and ordered the immediate cessation of all unlicensed activities in or from Dubai; other group companies were expressly not affected.

Authority / court

Virtual Assets Regulatory Authority (VARA), Dubai

Area of law

Money laundering and terrorist financing · Customer due diligence

Legal basis

Federal Decree-Law No. (10) of 2025 (AML/CFT/PF); Dubai Law No. (4) of 2022 Regulating Virtual Assets in the Emirate of Dubai; Cabinet Resolution No. 111/2022; VARA Regulations and Rulebooks

Action

Fine

Status of proceedings

unknown

Sector

Financial services and insurance

Mitigating circumstances

Full cooperation, compliance with the cease-and-desist orders and a stated intention to apply for a VARA licence.

Published

22 Jun 2026

Checked against the official source on 3 Oct 2026 · Direct link

According to FINTRAC, Caisse populaire Alliance limitée is a provincially regulated credit union based in North Bay, Ontario. Canada's anti-money laundering regulator FINTRAC imposed an administrative monetary penalty of CAD 82,500 on the company on 5 June 2026. According to FINTRAC's findings, made during a compliance examination, the company committed 4 violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its regulations. As described by the regulator, the violations concerned written compliance policies and procedures, enhanced measures for high-risk situations, assessing and documenting money laundering and terrorist financing risks and the prescribed review of the compliance programme. Specifically, according to FINTRAC, 46 of 118 high-risk clients were not reviewed annually, contrary to the credit union's own policies. According to FINTRAC, the penalty has been paid in full and the case is closed. Source: FINTRAC (Financial Transactions and Reports Analysis Centre of Canada), "Administrative monetary penalty on Caisse populaire Alliance limitée", published 24 September 2026, https://fintrac-canafe.canada.ca/pen/amps/pen-2026-09-24-1-eng; summarised in our own words; not an official version and not a reproduction of the original.

Authority / court

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Area of law

Money laundering and terrorist financing · Customer due diligence

Legal basis

PCMLTFA s. 9.6(1), 9.6(3); PCMLTF Regulations 156(1)(b), 156(1)(c), 156(1)(f), 156(2), 156(3), 157; Verwaltungsgeldbuße nach Teil 4.1 PCMLTFA

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Published

24 Sep 2026

Original amount 82,500 CAD, converted at the ECB reference rate of 5 Jun 2026.

Checked against the official source on 28 Sep 2026 · Version 3 · Direct link

According to FINTRAC, Pathwise Credit Union is a provincially regulated credit union based in Oshawa, Ontario. Canada's anti-money laundering regulator FINTRAC imposed an administrative monetary penalty of CAD 41,250 on the company on 4 June 2026. According to FINTRAC's findings, made during a compliance examination, the company committed 2 violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its regulations. As described by the regulator, the violations concerned written compliance policies and procedures and assessing and documenting money laundering and terrorist financing risks. According to FINTRAC, the penalty has been paid in full and the case is closed. Source: FINTRAC (Financial Transactions and Reports Analysis Centre of Canada), "Administrative monetary penalty on Pathwise Credit Union", published 24 September 2026, https://fintrac-canafe.canada.ca/pen/amps/pen-2026-09-24-3-eng; summarised in our own words; not an official version and not a reproduction of the original.

Authority / court

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

PCMLTFA s. 9.6(1); PCMLTF Regulations 156(1)(b), 156(1)(c); Verwaltungsgeldbuße nach Teil 4.1 PCMLTFA

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Published

24 Sep 2026

Original amount 41,250 CAD, converted at the ECB reference rate of 4 Jun 2026.

Checked against the official source on 28 Sep 2026 · Version 3 · Direct link

The Virtual Assets Regulatory Authority (VARA, Dubai's virtual assets regulator) had licensed CoinMENA FZE to provide broker-dealer services on 30 November 2023. In ongoing supervisory inspections covering its entire market operations from the outset up to and including the 2025 financial year, VARA found administrative weaknesses in internal systems and controls that led to compliance failures in the company's anti-money laundering programme. VARA imposed a fine, the amount of which was not published.

Authority / court

Virtual Assets Regulatory Authority (VARA), Dubai

Area of law

Money laundering and terrorist financing · Internal controls

Action

Fine

Status of proceedings

unknown

Sector

Financial services and insurance

Mitigating circumstances

Full cooperation, acceptance of the findings and a coordinated remediation plan.

Published

22 Jun 2026

Checked against the official source on 3 Oct 2026 · Direct link

The FCA barred the e-money institution Euro Exchange Securities UK Ltd with immediate effect from providing any e-money and payment services, prohibited any dealing with customer funds without its consent and required an independent third party to oversee their return. According to the FCA, the reasons were systemic weaknesses in combating financial crime – in customer risk assessment, customer due diligence and enhanced due diligence, screening, transaction monitoring and governance – together with indications that the obligations to safeguard customer funds were not being met. On the FCA's application the court appointed interim managers on 4 June 2026 and confirmed the special administration on 11 June 2026.

Authority / court

Financial Conduct Authority (FCA)

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

reg. 11(1) Electronic Money Regulations 2011 i. V. m. regs. 6(5)(b), 6(5)(c), 6(6)(d), 20 und 37 EMRs; Money Laundering Regulations 2017

Action

Order

Status of proceedings

unknown

Sector

Financial services and insurance

Published

5 Jun 2026

Checked against the official source on 3 Oct 2026 · Direct link

According to FINTRAC, Atlantic Lottery Corporation Inc. is a reporting entity in the casino sector based in Moncton, New Brunswick. Canada's anti-money laundering regulator FINTRAC imposed an administrative monetary penalty of CAD 212,025 on the company on 29 May 2026. According to FINTRAC's findings, made during a compliance examination, the company committed 3 violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its regulations. As described by the regulator, the violations concerned suspicious transaction reporting, written compliance policies and procedures and assessing and documenting money laundering and terrorist financing risks. According to FINTRAC, the penalty has been paid in full and the case is closed. Source: FINTRAC (Financial Transactions and Reports Analysis Centre of Canada), "Administrative monetary penalty on Atlantic Lottery Corporation Inc.", published 9 July 2026, https://fintrac-canafe.canada.ca/pen/amps/pen-2026-07-09-1-eng; summarised in our own words; not an official version and not a reproduction of the original.

Authority / court

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Area of law

Money laundering and terrorist financing · Suspicious activity reports

Legal basis

PCMLTFA s. 7, 9.6(1); PCMLTF Regulations 156(1)(b), 156(1)(c); Verwaltungsgeldbuße nach Teil 4.1 PCMLTFA

Action

Fine

Status of proceedings

final

Sector

Other

Published

9 Jul 2026

Original amount 212,025 CAD, converted at the ECB reference rate of 29 May 2026.

Checked against the official source on 28 Sep 2026 · Version 3 · Direct link

The Monetary Authority of Singapore (MAS, Singapore's central bank and financial regulator) allegedly imposed a composition penalty of SGD 300,000 on the licensed trust company Padang Trust Singapore Pte. Ltd. because it failed to inquire into unusual transactions with no apparent economic or lawful purpose and did not file suspicious transaction reports promptly. According to MAS, the causes were inadequate controls, including a lack of scrutiny of unusual transactions and low staff awareness of money laundering and terrorist financing risks and red flags; the company paid the penalty, took remedial action and appointed an independent reviewer to confirm that the measures are effective. The amount and the facts have not been confirmed against the primary source.

Authority / court

Monetary Authority of Singapore (MAS)

Area of law

Money laundering and terrorist financing · Suspicious activity reports

Legal basis

MAS Notice TCA-N03; s 27B(2) Monetary Authority of Singapore Act (Cap. 186); Composition nach s 176(1A) MAS Act 1970

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Published

25 May 2026

Original amount 300,000 SGD, converted at the ECB reference rate of 25 May 2026.

Checked against the official source on 4 Oct 2026 · Direct link

The sanctions committee COPAS of the Banco Central do Brasil (central bank) imposed fines totalling BRL 16,280,000.00 on Banco Topázio S.A.: BRL 4,560,000.00 because its monitoring system contained no rules for foreign exchange transactions to buy and sell virtual assets, BRL 3,280,000.00 because suspicious transactions were not reported, or reported late, to the financial intelligence unit Coaf (including BRL 3.05bn from one client), and BRL 8,440,000.00 because the bank had not verified the qualification of foreign exchange clients. In addition, for two years it may not carry out over-the-counter foreign exchange transactions for virtual assets in which the client acts as an unauthorised intermediary for third parties. The decision is not final.

Authority / court

Banco Central do Brasil (Comitê de Decisão de Processo Administrativo Sancionador – COPAS)

Area of law

Money laundering and terrorist financing · Suspicious activity reports

Legal basis

Lei 9.613/1998, Art. 10 III, Art. 11 II, Art. 12 II und § 2 II und IV; Circular BCB 3.978/2020, Arts. 38, 39 und 48; Lei 13.506/2017, Art. 3 XVII, Art. 5 II und IV

Action

Fine

Status of proceedings

under appeal

Sector

Financial services and insurance

Liability of senior managers

Measures against individuals are not set out here.

Original amount 16,280,000 BRL, converted at the ECB reference rate of 11 May 2026.

Checked against the official source on 3 Oct 2026 · Direct link

The Česká národní banka (ČNB, Czech National Bank) fined Československá obchodní banka 30,000,000 CZK under the Czech anti-money laundering act. For customers internally rated as high-risk, including a credit institution, the bank did not adequately examine the purpose and background of transactions such as 58 cash withdrawals and did not fully screen ownership and management structures against sanctions lists. It also lacked effective internal procedures for ongoing customer due diligence and for enhanced due diligence on transactions involving high-risk third countries; for 8,414 legal entities with complex structures, the whole structure was not screened for sanctions.

Authority / court

Česká národní banka (ČNB)

Area of law

Money laundering and terrorist financing · Customer due diligence

Legal basis

§ 9 Abs. 1 lit. c, § 9a Abs. 1, § 21 Abs. 1, § 44 Abs. 1 lit. b und Abs. 3 lit. d, § 48 Abs. 1 Zákon č. 253/2008 Sb. (AML-Gesetz)

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Original amount 30,000,000 CZK, converted at the ECB reference rate of 6 May 2026.

Checked against the official source on 28 Sep 2026 · Direct link

Between March 2022 and March 2025 a Hamilton law firm repeatedly breached the AML/CFT Act: it lacked a proper risk assessment, an implemented anti-money laundering programme and adequate records. It also failed to respond, or responded only in part, to information notices from the Department of Internal Affairs (DIA, the AML/CFT supervisor for law firms), thereby obstructing its investigators. After the firm pleaded guilty, the court imposed a fine of 60,000 NZD, taking the firm's size and financial capacity into account.

Authority / court

Strafgericht, in der Quelle nicht benannt (Anklage: Department of Internal Affairs)

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

Anti-Money Laundering and Countering Financing of Terrorism Act 2009

Action

Fine

Status of proceedings

unknown

Sector

Other

Culpability

intentional

Liability of senior managers

According to the Department of Internal Affairs, the firm's partners, as lawyers, also had professional obligations to uphold the law.

Published

24 Apr 2026

Original amount 60,000 NZD, converted at the ECB reference rate of 24 Apr 2026.

Checked against the official source on 3 Oct 2026 · Direct link

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) imposed 693,742.50 CAD on the Edmonton money services business, which also exchanges virtual currencies, for five violations: repeated failure to file suspicious transaction reports, lack of written compliance policies, insufficient enhanced measures for high-risk transactions, lack of a risk assessment and incomplete records of occupation and transactions for crypto exchanges.

Authority / court

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Area of law

Money laundering and terrorist financing · Suspicious activity reports

Legal basis

Proceeds of Crime (Money Laundering) and Terrorist Financing Act, Part 1, und zugehörige Verordnungen

Action

Fine

Status of proceedings

unknown

Sector

Financial services and insurance

Published

14 May 2026

Original amount 693,742.5 CAD, converted at the ECB reference rate of 27 Mar 2026.

Checked against the official source on 25 Sep 2026 · Direct link

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.

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

Checked against the official source on 25 Sep 2026 · Direct link

The KoFIU (Korea Financial Intelligence Unit) found that the crypto exchange Bithumb had processed 45,772 transfers of crypto assets with 18 virtual asset service providers that had not complied with their reporting obligation between August 2022 and April 2025, and had breached customer identification duties and the associated transaction restrictions in large numbers; there were also shortcomings in suspicious transaction reporting, record keeping and the risk assessment of new products. On 17 March 2026 it ordered a six-month partial suspension of business (no transfers of crypto assets for new customers from 27 March to 26 September 2026) and imposed a fine of KRW 36,873.5 million. The amount and the facts have not been confirmed against the primary source.

Authority / court

Korea Financial Intelligence Unit (KoFIU)

Area of law

Money laundering and terrorist financing · Customer due diligence

Legal basis

Art. 4, 5, 5-2, 5-4 und 8 Act on Reporting and Using Specified Financial Transaction Information; Art. 9, 10-6, 10-9 und 10-20 Durchführungsverordnung (Teilsperre wegen Art. 8 i. V. m. Art. 10-20 DVO: Geschäfte mit nicht gemeldeten Anbietern)

Action

Fine

Status of proceedings

unknown

Sector

Financial services and insurance

Liability of senior managers

Measures against individuals are not set out here.

Published

17 Mar 2026

Original amount 36,873,500,000 KRW, converted at the ECB reference rate of 17 Mar 2026.

Checked against the official source on 4 Oct 2026 · Direct link

Hakrinbank N.V., Finabank N.V. and De Surinaamsche Bank N.V. concluded transactions (out-of-court settlements) with the Openbaar Ministerie (OM, Dutch Public Prosecution Service) over suspected negligent money laundering (schuldwitwassen) in 2018 and are paying a total of 415,000 EUR (Hakrinbank 166,000 EUR, Finabank and De Surinaamsche Bank 124,500 EUR each). The trigger was the seizure at Schiphol Airport in April 2018 of 19.5 million EUR in cash belonging to the three banks and bound for Hong Kong; the OM accused them of not having adequately checked the origin of the cash in Suriname, in particular who the customers of the bureaux de change among their clients were. The OM found no intent; it took into account the age of the case and the lesser seriousness of negligent money laundering, and the seized money will be returned.

Authority / court

Openbaar Ministerie (OM), Arrondissementsparket Noord-Holland

Area of law

Money laundering and terrorist financing · Customer due diligence

Legal basis

Schuldwitwassen (fahrlässige Geldwäsche nach niederländischem Strafrecht); Transaktion des OM

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Culpability

negligent

Mitigating circumstances

No intent established; age of the case; the banks have since implemented improvements in cash controls, KYC and governance.

Published

17 Mar 2026

Checked against the official source on 2 Oct 2026 · Direct link

The nationwide jewellery chain (a dealer in precious metals and stones) received a penalty of 51,562.50 CAD from the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) because written compliance policies were lacking or not applied, the money laundering risk was not assessed and documented, and the prescribed two-yearly effectiveness review was not carried out. Birks has appealed to the Federal Court.

Authority / court

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

Proceeds of Crime (Money Laundering) and Terrorist Financing Act, Part 1, und zugehörige Verordnungen

Action

Fine

Status of proceedings

under appeal

Sector

Retail and e-commerce

Published

5 May 2026

Original amount 51,562.5 CAD, converted at the ECB reference rate of 11 Mar 2026.

Checked against the official source on 25 Sep 2026 · Direct link

The US Financial Crimes Enforcement Network (FinCEN) imposed 80 million USD on the broker-dealer, which admitted wilful BSA infringements: no effective AML programme, no due diligence on correspondent accounts of foreign financial institutions and failure to file suspicious activity reports in connection with securities fraud. Remedial measures that had been promised were not implemented for years.

Authority / court

Financial Crimes Enforcement Network (FinCEN)

Area of law

Money laundering and terrorist financing · Customer due diligence

Legal basis

Bank Secrecy Act (BSA)

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Culpability

intentional

Published

6 Mar 2026

Original amount 80,000,000 USD, converted at the ECB reference rate of 6 Mar 2026.

Checked against the official source on 25 Sep 2026 · Direct link

The CSSF fined the specialised financial services provider, whose domiciliation business was inspected, EUR 56,000 (around 2% of annual turnover). In four cases involving adverse media on possible corruption or drug trafficking, the company reported to the FIU only after the CSSF asked and incompletely; in six further cases with indications of corruption, bribery and tax offences no report was made at all.

Authority / court

Commission de Surveillance du Secteur Financier (CSSF)

Area of law

Money laundering and terrorist financing · Suspicious activity reports

Legal basis

Art. 2-1(1) i. V. m. Art. 8-4(1), (2)(f) und (3)(a) Loi modifiée du 12 novembre 2004 (LBC/FT); verletzt u. a. Art. 5(1)(a); Règlement CSSF 12-02

Action

Fine

Status of proceedings

unknown

Sector

Financial services and insurance

Mitigating circumstances

Limited scope of the inspection; findings acknowledged, action plan and remedial measures.

Published

9 Jun 2026

Checked against the official source on 2 Oct 2026 · Direct link

Following the introduction of a new core banking system in April 2025, the bank was unable, until September 2025, to submit the mandatory weekly data deliveries to the Centralised Bank Account Register (CBAR) on time. The Financial Intelligence Analysis Unit (FIAU) imposed 69,000 EUR.

Authority / court

Financial Intelligence Analysis Unit (FIAU)

Area of law

Money laundering and terrorist financing

Legal basis

Reg. 4(2), 8 Centralised Bank Account Register Regulations (S.L. 373.03)

Action

Fine

Status of proceedings

unknown

Sector

Financial services and insurance

Mitigating circumstances

The bank continuously attempted to upload reports

Published

6 Mar 2026

Checked against the official source on 25 Sep 2026 · Direct link

According to FINTRAC, Northern Isga Foundation is a non-profit charitable organisation based in Glenevis, Alberta, that receives a portion of a casino's revenues and is therefore a reporting entity. Canada's anti-money laundering regulator FINTRAC imposed an administrative monetary penalty of CAD 91,162.50 on the foundation on 2 March 2026. According to FINTRAC's findings, made during a compliance examination, the foundation committed 4 violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its regulations. As described by the regulator, the violations concerned written compliance policies and procedures, assessing and documenting money laundering and terrorist financing risks, the compliance training programme and the prescribed review of the compliance programme. According to FINTRAC, the foundation has appealed the decision to the Federal Court. Source: FINTRAC (Financial Transactions and Reports Analysis Centre of Canada), "Administrative monetary penalty on Northern Isga Foundation", published 26 March 2026, https://fintrac-canafe.canada.ca/pen/amps/pen-2026-03-26-eng; summarised in our own words; not an official version and not a reproduction of the original.

Authority / court

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

PCMLTFA s. 9.6(1); PCMLTF Regulations 156(1)(b), 156(1)(c), 156(1)(d), 156(1)(e), 156(1)(f); Verwaltungsgeldbuße nach Teil 4.1 PCMLTFA

Action

Fine

Status of proceedings

under appeal

Sector

Other

Published

26 Mar 2026

Original amount 91,162.5 CAD, converted at the ECB reference rate of 2 Mar 2026.

Checked against the official source on 28 Sep 2026 · Version 3 · Direct link

Following enforcement proceedings, the Swiss Financial Market Supervisory Authority (FINMA) found serious, systematic deficiencies in anti-money laundering due diligence, organisation and risk management; the bank enabled clients to circumvent official asset freezes and executed transactions for sanctioned persons. FINMA had withdrawn the bank's licence and ordered its liquidation; with the withdrawal of the appeal before the Federal Administrative Court, the orders took effect on 27 February 2026. The day before, FinCEN had proposed designating the bank as an institution of primary money laundering concern.

Authority / court

Eidgenössische Finanzmarktaufsicht (FINMA)

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

Schweizer Geldwäschereirecht und Bankenaufsichtsrecht (laut FINMA)

Action

Order

Status of proceedings

final

Sector

Financial services and insurance

Employees

50 to 249

Published

27 Feb 2026

Checked against the official source on 25 Sep 2026 · Direct link

The NBS (National Bank of Slovakia) fined the French bank COFIDIS 160,000 EUR in respect of its Slovak branch for 23 breaches found in an on-site inspection that began in May 2021. The anti-money laundering programme was outdated and incomplete (among other things it lacked current details of the money laundering officer, clear rules on when standard and when enhanced due diligence applies, the branch's own risk assessment and record-keeping requirements); in 2020 only 5 of 27 staff were trained, and 6 of 7 newly hired staff with AML tasks were not trained within three months. The branch also failed to verify customers' identity adequately for online products and electronic signing, did not identify politically exposed persons, did not monitor third-party payments into loan accounts, did not report refusals of unusual transactions to the financial intelligence unit and submitted inaccurate customer data to the NBS.

Authority / court

Národná banka Slovenska (NBS)

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

§ 10, § 12, § 14, § 17, § 19, § 20 Abs. 1 bis 3, § 20a Zákon č. 297/2008 Z. z. (AML-Gesetz); § 27 Abs. 2, § 42 Abs. 2, § 50 Abs. 1 lit. d Zákon č. 483/2001 Z. z. (Bankengesetz)

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Checked against the official source on 28 Sep 2026 · Direct link

According to FINTRAC, VersaBank is a bank based in London, Ontario. Canada's anti-money laundering regulator FINTRAC imposed an administrative monetary penalty of CAD 42,075 on the company on 23 February 2026. According to FINTRAC's findings, the company committed 2 violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its regulations. As described by the regulator, the violations concerned written compliance policies and procedures and enhanced measures for high-risk situations. Specifically, according to FINTRAC, the bank failed in at least seven instances to correctly identify elevated or high-risk clients and apply enhanced due diligence. According to FINTRAC, the penalty has been paid in full and the case is closed. Source: FINTRAC (Financial Transactions and Reports Analysis Centre of Canada), "Administrative monetary penalty on VersaBank", published 5 May 2026, https://fintrac-canafe.canada.ca/pen/amps/pen-2026-05-05-eng; summarised in our own words; not an official version and not a reproduction of the original.

Authority / court

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Area of law

Money laundering and terrorist financing · Customer due diligence

Legal basis

PCMLTFA s. 9.6(1), 9.6(3); PCMLTF Regulations 156(1)(b), 157; Verwaltungsgeldbuße nach Teil 4.1 PCMLTFA

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Published

5 May 2026

Original amount 42,075 CAD, converted at the ECB reference rate of 23 Feb 2026.

Checked against the official source on 28 Sep 2026 · Version 3 · Direct link

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.

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

Checked against the official source on 25 Sep 2026 · Direct link

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.

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

Checked against the official source on 25 Sep 2026 · Direct link

The Openbaar Ministerie (OM, Dutch Public Prosecution Service) imposed a penalty order of 500,000 EUR on the Dutch Louis Vuitton BV for breaches of the Wwft (Dutch Anti-Money Laundering and Anti-Terrorist Financing Act) because, over a long period, the company did not sufficiently check who the customers were who repeatedly spent large amounts in cash. The case arises from ongoing money laundering proceedings in which, according to the OM, a buyer spent a total of more than 2 million EUR of criminal proceeds under various names on luxury goods in shops such as those of Louis Vuitton between August 2021 and February 2023 and sent the bags to China for resale; a then sales employee allegedly helped her and warned her whenever she was about to spend more than 10,000 EUR a month through one of her customer accounts. The OM settled the matter out of court to free up scarce hearing capacity at the Rechtbank Rotterdam (Rotterdam District Court).

Authority / court

Openbaar Ministerie (OM), Landelijk Parket

Area of law

Money laundering and terrorist financing · Customer due diligence

Legal basis

Wet ter voorkoming van witwassen en financieren van terrorisme (Wwft), Kundenprüfung; Strafbefehl des OM

Action

Fine

Status of proceedings

unknown

Sector

Retail and e-commerce

Published

12 Feb 2026

Checked against the official source on 2 Oct 2026 · Direct link

Following a guilty plea to charges including conspiracy to operate an unlicensed money transmitting business and to violate the AML obligations of the Bank Secrecy Act, the peer-to-peer crypto platform was sentenced to a penalty of 4 million USD. 112.5 million USD would have been appropriate, but the US Department of Justice (DOJ) found an inability to pay; in December 2025, FinCEN had additionally imposed a civil penalty of 3.5 million USD.

Authority / court

U.S. Department of Justice

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

Travel Act; Verschwörung zum Betrieb eines nicht lizenzierten Geldtransfergeschäfts und zur Verletzung der AML-Pflichten des Bank Secrecy Act

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Culpability

intentional

Mitigating circumstances

Penalty limited from 112.5 million to 4 million USD because of proven inability to pay

Published

11 Feb 2026

Original amount 4,000,000 USD, converted at the ECB reference rate of 10 Feb 2026.

Checked against the official source on 25 Sep 2026 · Direct link

According to FINTRAC, RE/MAX Twin City Realty Inc. is a real estate brokerage based in Kitchener, Ontario. Canada's anti-money laundering regulator FINTRAC imposed an administrative monetary penalty of CAD 24,750 on the company on 4 February 2026. According to FINTRAC's findings, made during a compliance examination, the company committed one violation of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its regulations. As described by the regulator, the violation concerned assessing and documenting money laundering and terrorist financing risks. According to FINTRAC, the penalty has been paid in full and the case is closed. Source: FINTRAC (Financial Transactions and Reports Analysis Centre of Canada), "Administrative monetary penalty on RE/MAX Twin City Realty Inc.", published 5 May 2026, https://fintrac-canafe.canada.ca/pen/amps/pen-2026-05-05-1-eng; summarised in our own words; not an official version and not a reproduction of the original.

Authority / court

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

PCMLTFA s. 9.6(1); PCMLTF Regulations 156(1)(c); Verwaltungsgeldbuße nach Teil 4.1 PCMLTFA

Action

Fine

Status of proceedings

final

Sector

Construction and real estate

Published

5 May 2026

Original amount 24,750 CAD, converted at the ECB reference rate of 4 Feb 2026.

Checked against the official source on 28 Sep 2026 · Version 3 · Direct link

Until March 2018, the payment institution had no systematic integrity risk analysis (SIRA) and therefore no systematic identification and analysis of integrity risks for its gatekeeper function. The Dutch central bank (De Nederlandsche Bank, DNB) imposed the fine in 2020; following objection and appeal proceedings, it was fixed at the reduced amount of 406,125 EUR by the decision of 28 January 2026 and was published in July 2026.

Authority / court

De Nederlandsche Bank (DNB)

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

Art. 3:10 Wet op het financieel toezicht (Wft); Art. 10 Besluit prudentiële regels Wft (Bpr)

Action

Fine

Status of proceedings

reduced

Sector

Financial services and insurance

Mitigating circumstances

Fine reduced in the objection and appeal proceedings

Published

21 Jul 2026

Checked against the official source on 25 Sep 2026 · Direct link

Saxo Bank accepted an administrative fine of 313,000,000 DKK from the Finanstilsynet (Danish Financial Supervisory Authority). For a number of customer relationships the bank had not obtained sufficient information on the purpose and intended nature of the business relationship, and between January 2021 and May 2023 it did not carry out ongoing monitoring of the end customers of its white-label partners, to whom it provided its trading platform. The fine was reduced because of the bank's cooperation in the investigation and the remedial steps taken, and in view of the bank's financial solidity.

Authority / court

Finanstilsynet

Area of law

Money laundering and terrorist financing · Customer due diligence

Legal basis

Hvidvaskloven § 11 stk. 1 nr. 4 og 5; administratives Bußgeld nach § 78 a hvidvaskloven

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Mitigating circumstances

Cooperation in the investigation and remedial action on collecting the purpose and nature of the business relationship; reduction in view of the bank's financial solidity.

Published

23 Jan 2026

Original amount 313,000,000 DKK, converted at the ECB reference rate of 22 Jan 2026.

Checked against the official source on 28 Sep 2026 · Direct link

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.

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

Checked against the official source on 25 Sep 2026 · Direct link

CySEC (Cyprus Securities and Exchange Commission) reached a settlement with the administrative services provider (ASP) over possible breaches of the money laundering law and the CySEC anti-money laundering directive in the period 2015–2020. It covered adequate policies, controls and procedures, risk identification, the board's responsibilities and the compliance officer's duties; the company allegedly paid EUR 70,000. The amount and the facts have not been confirmed against the primary source.

Authority / court

Cyprus Securities and Exchange Commission (CySEC)

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

Art. 58(a)–(d), 58A(1) Prevention and Suppression of Money Laundering and Terrorist Financing Law of 2007; Ziff. 5(d), 9(1)(d) CySEC-Richtlinie; Vergleich nach Art. 37(4) Cyprus Securities and Exchange Commission Law of 2009

Action

Other

Status of proceedings

final

Sector

Financial services and insurance

Liability of senior managers

The settlement expressly covered the board's duties and the compliance officer's tasks under the anti-money laundering directive.

Published

6 Feb 2026

Checked against the official source on 4 Oct 2026 · Direct link

The FSRA (Financial Services Regulatory Authority, the financial regulator of Abu Dhabi Global Market, ADGM) fined the operator of a multilateral trading facility, which also held a custody permission, allegedly 36,000 USD because it did not file its annual AML returns for 2020 to 2024 until 16 December 2025 despite numerous reminders and did not pay the late filing fees of 2,000 USD in total. The regulator also found inadequate systems and controls; in correspondence the firm pointed to internal issues and to the departure of the user registered for the reporting portal. Without the 20% discount for early settlement the fine would have been 45,000 USD.

Authority / court

Financial Services Regulatory Authority (ADGM)

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

Section 232 Financial Services and Markets Regulations 2015 (FSMR); AML Rule 4.6.1; GEN Rule 2.2.3 (Principle 3); FEES Rule 1.2.7

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Repeat case

no

Mitigating circumstances

Full cooperation, remediation, no previous non-compliance, limited scale of business with few clients and no customer loss identified (10% reduction); 20% discount for early settlement.

Original amount 36,000 USD, converted at the ECB reference rate of 17 Dec 2025.

Checked against the official source on 3 Oct 2026 · Direct link

The FCA barred BeAccount Ltd (trading as Payine), an authorised e-money institution, with immediate effect from all e-money and payment services, including taking on new customers and new customer funds, and required it to return customer funds and to inform customers and the public. After reviewing client files, the FCA had serious concerns that the institution was not complying with the money laundering rules – on risk assessment, internal policies, customer due diligence and enhanced due diligence for politically exposed persons – and was not managing its risks effectively.

Authority / court

Financial Conduct Authority (FCA)

Area of law

Money laundering and terrorist financing · Customer due diligence

Legal basis

reg. 11(1) Electronic Money Regulations 2011; Money Laundering Regulations 2017 (regs. 18, 19, 27, 28 und 35)

Action

Order

Status of proceedings

unknown

Sector

Financial services and insurance

Checked against the official source on 3 Oct 2026 · Direct link

Finansinspektionen (FI, Swedish Financial Supervisory Authority) issued Svea Bank a remark (anmärkning) and an administrative fine of 170,000,000 SEK. In the review period from 30 April 2022 to 1 May 2023 (business with legal entities), the general risk assessments were incomplete, customers were not risk-assessed as required, beneficial owners were not sufficiently identified, and enhanced due diligence on high-risk customers was omitted, insufficient or late in a large proportion of the cases reviewed. An earlier FI sanction of June 2022 for credit assessment failings was treated as only a minor aggravating factor because it concerned different obligations.

Authority / court

Finansinspektionen (FI)

Area of law

Money laundering and terrorist financing · Customer due diligence

Legal basis

Lag (2017:630) om åtgärder mot penningtvätt och finansiering av terrorism, u. a. 2 kap. 1–3 §§, 3 kap. 12 och 16 §§; 15 kap. 1 och 7 §§ lagen (2004:297) om bank- och finansieringsrörelse

Action

Fine

Status of proceedings

unknown

Sector

Financial services and insurance

Repeat case

yes

Mitigating circumstances

The bank pointed to its cooperation and remediation; FI did not treat this as mitigating. No damage was known to FI; in an overall assessment FI did not classify the breaches as serious and therefore refrained from a warning or licence revocation.

Published

17 Dec 2025

Original amount 170,000,000 SEK, converted at the ECB reference rate of 16 Dec 2025.

Checked against the official source on 28 Sep 2026 · Direct link

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).

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

Measures against individuals are not reported here.

Checked against the official source on 28 Sep 2026 · Version 3 · Direct link

The Finanzmarktaufsicht (FMA, Liechtenstein Financial Market Authority) fined an unnamed legal person CHF 58,000 because it had not established or updated the business relationship profile as required (Sorgfaltspflichtgesetz, Due Diligence Act) and had breached the provisions of the Treuhändergesetz (Trustees Act) on conflicts of interest. These provisions require trustees and trust companies to keep their own assets strictly separate from client money, not to engage in proprietary transactions, and to disclose and document conflicts of interest towards clients; the FMA does not state which of these obligations was breached.

Authority / court

Finanzmarktaufsicht Liechtenstein (FMA)

Area of law

Money laundering and terrorist financing · Customer due diligence

Legal basis

Art. 31 Abs. 1 Bst. e i.V.m. Art. 31 Abs. 5 Sorgfaltspflichtgesetz (SPG); Art. 81 Abs. 1 Bst. f i.V.m. Art. 81 Abs. 6 Treuhändergesetz (TrHG)

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Liability of senior managers

For the Due Diligence Act breach, the fine is based on Art. 31(5) SPG, which makes the legal person liable for offences committed by persons in management positions.

Original amount 58,000 CHF, converted at the ECB reference rate of 12 Dec 2025.

Checked against the official source on 28 Sep 2026 · Direct link

The UK Financial Conduct Authority (FCA) imposed £44,078,500 (after a 30% discount) because, from October 2016 to July 2021, the building society had no effective systems to keep due diligence and risk assessments for personal customers up to date, and did not identify personal accounts used for business purposes. As a result, one customer received 24 fraudulent Covid furlough payments totalling £27.3 million.

Authority / court

Financial Conduct Authority (FCA)

Area of law

Money laundering and terrorist financing · Customer due diligence

Legal basis

FCA Principle 3; SYSC 6.1.1R und 6.3.1R

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Employees

10,000 or more

Mitigating circumstances

30% settlement discount

Published

12 Dec 2025

Original amount 44,078,500 GBP, converted at the ECB reference rate of 11 Dec 2025.

Checked against the official source on 25 Sep 2026 · Direct link

According to FINTRAC, Century 21 Heritage Group Ltd. is a real estate brokerage. Canada's anti-money laundering regulator FINTRAC imposed an administrative monetary penalty of CAD 148,912.50 on the company on 10 December 2025. According to FINTRAC's findings, made during a compliance examination, the company committed one violation of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its regulations. As described by the regulator, the violation concerned suspicious transaction reporting. According to FINTRAC, the company has appealed the decision to the Federal Court. Source: FINTRAC (Financial Transactions and Reports Analysis Centre of Canada), "Administrative monetary penalty on Century 21 Heritage Group Ltd.", published 10 February 2026, https://fintrac-canafe.canada.ca/pen/amps/pen-2026-02-10-eng; summarised in our own words; not an official version and not a reproduction of the original.

Authority / court

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Area of law

Money laundering and terrorist financing · Suspicious activity reports

Legal basis

PCMLTFA s. 7; Verwaltungsgeldbuße nach Teil 4.1 PCMLTFA

Action

Fine

Status of proceedings

under appeal

Sector

Construction and real estate

Published

10 Feb 2026

Original amount 148,912.5 CAD, converted at the ECB reference rate of 10 Dec 2025.

Checked against the official source on 28 Sep 2026 · Version 3 · Direct link

The KoFIU (Korea Financial Intelligence Unit) found that Dunamu, operator of the crypto exchange Upbit, had failed to identify customers with due care in 5,324,165 cases between October 2021 and October 2024, for instance where identity documents could not be verified, were mere copies or photos, or where addresses were blank or implausible, and had nevertheless allowed transactions in 3,331,570 of these cases. In addition, it failed to file suspicious transaction reports on 15 customers linked to warrant applications by investigative authorities, and its monitoring system did not detect unusual patterns such as large crypto deposits followed by sale and withdrawal; KoFIU imposed a fine of KRW 35,215.6 million on 9 December 2025. The amount and the facts have not been confirmed against the primary source.

Authority / court

Korea Financial Intelligence Unit (KoFIU)

Area of law

Money laundering and terrorist financing · Customer due diligence

Legal basis

Art. 4, 5, 5-2 und 8 Act on Reporting and Using Specified Financial Transaction Information; Art. 9, 10-4, 10-6 und 10-20 Durchführungsverordnung

Action

Fine

Status of proceedings

unknown

Sector

Financial services and insurance

Published

9 Dec 2025

Original amount 35,215,600,000 KRW, converted at the ECB reference rate of 9 Dec 2025.

Checked against the official source on 4 Oct 2026 · Direct link

FinCEN imposed a civil money penalty of USD 3.5 million on the peer-to-peer virtual currency trading platform Paxful, Inc. and Paxful USA, Inc. From February 2015 to April 2023 Paxful did not maintain an effective AML programme for its trading platform and hosted wallets and did not report suspicious transactions accurately and on time; the company also allowed its registration as a money services business to lapse and operated unregistered from January 2017 to September 2019 (974 days). Payments of USD 1.75 million to the DOJ are credited against the penalty; USD 1.75 million is payable to FinCEN. The authority allegedly made the findings set out here; this account is not based on a final judgment.

Authority / court

Financial Crimes Enforcement Network (FinCEN), U.S. Department of the Treasury

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

31 U.S.C. § 5330, § 5318(h)(1), § 5318(g)(1); 31 C.F.R. §§ 1022.380, 1022.210, 1022.320

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Mitigating circumstances

FinCEN took into account that Paxful was forthcoming during the investigation, answered information requests completely and on time and agreed to toll the statute of limitations.

Original amount 3,500,000 USD, converted at the ECB reference rate of 9 Dec 2025.

Checked against the official source on 3 Oct 2026 · Direct link

Banco Santander undertook to pay a public interest fine of 22,500,000 EUR in a CJIP (convention judiciaire d'intérêt public, French deferred prosecution agreement) with the Paris public prosecutor. The investigation, triggered by a complaint from the bank itself, uncovered an illegal clearing system at a Paris branch: company cheques were paid into private clients' accounts and cash was handed out outside the banking system, with credits of around 49 million EUR between 2003 and 2010. The agreement was validated on 5 December 2025.

Authority / court

Parquet de Paris (Procureure de la République, JIRS); Validierung durch den Präsidenten des Tribunal judiciaire de Paris

Area of law

Money laundering and terrorist financing

Legal basis

Art. 41-1-2, 180-2 Code de procédure pénale (blanchiment aggravé)

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Employees

10,000 or more

Published

5 Dec 2025

Checked against the official source on 2 Oct 2026 · Direct link

According to FINTRAC, VIP Realty Inc. is a real estate brokerage based in Ottawa, Ontario. Canada's anti-money laundering regulator FINTRAC imposed an administrative monetary penalty of CAD 33,000 on the company on 1 December 2025. According to FINTRAC's findings, made during a compliance examination, the company committed one violation of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its regulations. As described by the regulator, the violation concerned the prescribed review of the compliance programme. According to FINTRAC, the penalty has been paid in full and the case is closed. Source: FINTRAC (Financial Transactions and Reports Analysis Centre of Canada), "Administrative monetary penalty on VIP Realty Inc.", published 9 July 2026, https://fintrac-canafe.canada.ca/pen/amps/pen-2026-07-09-2-eng; summarised in our own words; not an official version and not a reproduction of the original.

Authority / court

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

PCMLTFA s. 9.6(1); PCMLTF Regulations 156(1)(f); Verwaltungsgeldbuße nach Teil 4.1 PCMLTFA

Action

Fine

Status of proceedings

final

Sector

Construction and real estate

Published

9 Jul 2026

Original amount 33,000 CAD, converted at the ECB reference rate of 1 Dec 2025.

Checked against the official source on 28 Sep 2026 · Version 3 · Direct link

The FCA, through its supervisor OPBAS, publicly censured the Institute of Certified Bookkeepers. The professional body is responsible for anti-money laundering supervision of more than 3,000 bookkeepers in the UK. The FCA found that between January 2022 and July 2023 it did not supervise its members effectively or on a risk basis; among other things it suspended inspections for more than nine months and did not keep adequate records of its supervision.

Authority / court

Financial Conduct Authority (FCA)

Area of law

Money laundering and terrorist financing

Legal basis

Regulation 16 Oversight of Professional Body AML and CTF Supervision Regulations 2017; Regulations 17 und 46 MLRs 2017

Action

Reprimand or warning

Status of proceedings

final

Sector

Other

Checked against the official source on 28 Sep 2026 · Version 2 · Direct link

The estate agency in Windsor (Ontario) received a penalty of 107,250 CAD from the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) for four violations: no up-to-date, approved compliance policies, no assessment of the money laundering risk, no written ongoing training programme and no effectiveness review of the compliance programme. The company has appealed to the Federal Court.

Authority / court

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

Proceeds of Crime (Money Laundering) and Terrorist Financing Act, Part 1, und zugehörige Verordnungen

Action

Fine

Status of proceedings

under appeal

Sector

Construction and real estate

Published

12 Feb 2026

Original amount 107,250 CAD, converted at the ECB reference rate of 27 Nov 2025.

Checked against the official source on 25 Sep 2026 · Direct link

The FSRA (Financial Services Regulatory Authority, the financial regulator of Abu Dhabi Global Market, ADGM) fined the operator of a business centre, registered as a company service provider, allegedly 51,000 USD for anti-money laundering failings between December 2022 and December 2023. The firm had not carried out a business risk assessment and could not show a risk assessment for any of its 104 customers (tenants), nor had it verified any of them, because its outsourced compliance provider treated only the external operator of the centre as a customer; in addition, after the money laundering reporting officer (MLRO) had been absent for a long period, a replacement was only appointed after about ten months and the regulator was not promptly informed. Without the 20% discount for early settlement the fine would have been 63,750 USD.

Authority / court

Financial Services Regulatory Authority (ADGM)

Area of law

Money laundering and terrorist financing · Customer due diligence

Legal basis

Section 232 FSMR 2015; AML Rules 4.1.1(1), 4.1.1(2)(a) und (d), 6.1.1, 7.1.1(1)(a) und (b), 7.1.2(1)(a), 8.3.1(1)(d), 8.3.2, 8.4.1(c), 12.1.1(1), 15.6.1(d)

Action

Fine

Status of proceedings

final

Sector

Other

Repeat case

no

Mitigating circumstances

No previous non-compliance, cooperation and a remediation programme; 20% discount for early settlement.

Original amount 51,000 USD, converted at the ECB reference rate of 24 Nov 2025.

Checked against the official source on 3 Oct 2026 · Direct link

On 13 November 2025, the Nevada Gaming Control Board (NGCB) filed a disciplinary complaint for unsuitable methods of operation in connection with an illegal bookmaker and at the same time concluded a settlement of 7.8 million USD with conditions attached to the gaming licences. The conditions relate primarily to improving the AML programme and to additional training and awareness-raising for employees; the Nevada Gaming Commission (NGC) adopted the settlement as its order on 20 November 2025 (Case No. 25-03).

Authority / court

Nevada Gaming Commission (NGC) auf Beschwerde des Nevada Gaming Control Board (NGCB)

Area of law

Money laundering and terrorist financing · Customer due diligence

Legal basis

Glücksspielrecht Nevada (unsuitable methods of operation)

Action

Fine

Status of proceedings

final

Sector

Other

Employees

10,000 or more

Mitigating circumstances

Numerous remedial measures already implemented

Published

13 Nov 2025

Original amount 7,800,000 USD, converted at the ECB reference rate of 20 Nov 2025.

Checked against the official source on 27 Sep 2026 · Version 2 · Direct link

According to FINTRAC, MP Technology Services Ltd. is an entity determined to be a foreign money services business operating in Canada. Canada's anti-money laundering regulator FINTRAC imposed an administrative monetary penalty of CAD 536,853.35 on the company on 20 November 2025. According to FINTRAC's findings, made during a compliance examination, the company committed 4 violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its regulations. As described by the regulator, the violations concerned international electronic funds transfer reporting, written compliance policies and procedures, assessing and documenting money laundering and terrorist financing risks and suspicious transaction reporting. Specifically, FINTRAC found four unreported incoming international transfers and four unreported suspicious attempted transactions; policies and risk assessment were not tailored to Canadian requirements. According to FINTRAC, the company has appealed the decision to the Federal Court. Source: FINTRAC (Financial Transactions and Reports Analysis Centre of Canada), "Administrative monetary penalty on MP Technology Services Ltd.", published 18 December 2025, https://fintrac-canafe.canada.ca/pen/amps/pen-2025-12-18-eng; summarised in our own words; not an official version and not a reproduction of the original.

Authority / court

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Area of law

Money laundering and terrorist financing · Suspicious activity reports

Legal basis

PCMLTFA s. 7, 9(1), 9.6(1), 9.6(2); PCMLTF Regulations 30(1)(c), 156(1)(b), 156(1)(c); Verwaltungsgeldbuße nach Teil 4.1 PCMLTFA

Action

Fine

Status of proceedings

under appeal

Sector

Financial services and insurance

Published

18 Dec 2025

Original amount 536,853.35 CAD, converted at the ECB reference rate of 20 Nov 2025.

Checked against the official source on 28 Sep 2026 · Version 3 · Direct link

According to FINTRAC, 1135233 B.C. Ltd. (operating as LeHomes Realty Premier) is a real estate brokerage based in Vancouver, British Columbia. Canada's anti-money laundering regulator FINTRAC imposed an administrative monetary penalty of CAD 149,886 on the company. Published by FINTRAC on 20 November 2025; decision date not published. According to FINTRAC's findings, the company committed 6 violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its regulations. As described by the regulator, the violations concerned suspicious transaction reporting, appointing a compliance officer, written compliance policies and procedures, assessing and documenting money laundering and terrorist financing risks, the compliance training programme and client identification record keeping. According to FINTRAC, the company will pay the penalty in full and the case is closed. Source: FINTRAC (Financial Transactions and Reports Analysis Centre of Canada), "Administrative monetary penalty on 1135233 B.C. Ltd.", published 20 November 2025, https://fintrac-canafe.canada.ca/pen/amps/pen-2025-11-20-3-eng; summarised in our own words; not an official version and not a reproduction of the original.

Authority / court

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Area of law

Money laundering and terrorist financing · Suspicious activity reports

Legal basis

PCMLTFA s. 7; PCMLTF Regulations 39(1)(b), 71(1)(a), 71(1)(b), 71(1)(c), 71(1)(d); Verwaltungsgeldbuße nach Teil 4.1 PCMLTFA

Action

Fine

Status of proceedings

final

Sector

Construction and real estate

Published

20 Nov 2025

Original amount 149,886 CAD, converted at the ECB reference rate of 20 Nov 2025.

Checked against the official source on 28 Sep 2026 · Version 3 · Direct link

The Openbaar Ministerie (OM, Dutch Public Prosecution Service) imposed a penalty order of 130,500 EUR on TMF Management B.V. because the trust office did not immediately report two unusual transactions by a client to FIU-NL in 2020 and 2021. TMF continued to work on the (re)structuring of that client’s bond issue although, from 2020, it was aware of negative media reports about pending court cases over suspected fraud by the client; the proceedings stemmed from a report by De Nederlandsche Bank (Dutch central bank). Because of the exemplary role of the internationally active trust office, the OM raised the fine category and granted a 25% reduction for voluntary, full and timely cooperation.

Authority / court

Openbaar Ministerie (OM), Functioneel Parket

Area of law

Money laundering and terrorist financing · Suspicious activity reports

Legal basis

Wet ter voorkoming van witwassen en financieren van terrorisme (Wwft), Pflicht zur unverzüglichen Meldung ungewöhnlicher Transaktionen; Strafbefehl des OM

Action

Fine

Status of proceedings

unknown

Sector

Financial services and insurance

Mitigating circumstances

Voluntary, full and timely cooperation (−25%).

Published

13 Nov 2025

Checked against the official source on 2 Oct 2026 · Direct link

In a settlement of 5 November 2025, the Central Bank of Ireland imposed a reprimand and 21,464,734 EUR (after a 30% discount on 30,663,906 EUR) for breaches of transaction monitoring obligations between April 2021 and March 2025: because of configuration errors in the monitoring system, more than 30 million transactions worth over 176 billion EUR – around 31% of all transactions – were not properly monitored over a period of twelve months. The subsequent review took almost three years and led to 2,708 suspicious transaction reports; the High Court confirmed the sanction on 12 January 2026, and it is the Central Bank's first enforcement action in the crypto sector.

Authority / court

Central Bank of Ireland

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

Criminal Justice (Money Laundering and Terrorist Financing) Act 2010

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Mitigating circumstances

30% settlement discount

Published

6 Nov 2025

Checked against the official source on 25 Sep 2026 · Direct link

By decision of 28 October 2025 (final since 7 November 2025), Germany's Federal Financial Supervisory Authority (BaFin) imposed a fine of 20,000 EUR because, from October 2022 to September 2023, the Landesbank operated data processing systems for money laundering prevention that were only partially adequate. Under the German Banking Act (KWG), the criteria by which monitoring identifies suspicious transactions must be documented, and the systems must be checked regularly by an independent auditor.

Authority / court

Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

§ 56 Abs. 2 Nr. 11b KWG (Betrieb angemessener Datenverarbeitungssysteme zur Geldwäscheprävention)

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Published

10 Dec 2025

Checked against the official source on 25 Sep 2026 · Direct link

According to FINTRAC, Griffin Jewellery Designs Inc. is a dealer in precious metals and stones. Canada's anti-money laundering regulator FINTRAC imposed an administrative monetary penalty of CAD 77,137.50 on the company on 17 October 2025. According to FINTRAC's findings, made during a compliance examination, the company committed 3 violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its regulations. As described by the regulator, the violations concerned written compliance policies and procedures, assessing and documenting money laundering and terrorist financing risks and the prescribed review of the compliance programme. According to FINTRAC, the company is paying the penalty in full and the case is closed. Source: FINTRAC (Financial Transactions and Reports Analysis Centre of Canada), "Administrative monetary penalty on Griffin Jewellery Designs Inc.", published 4 December 2025, https://fintrac-canafe.canada.ca/pen/amps/pen-2025-12-04-eng; summarised in our own words; not an official version and not a reproduction of the original.

Authority / court

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

PCMLTFA s. 9.6(1), 9.6(2); PCMLTF Regulations 156(1)(b), 156(1)(c), 156(1)(f); Verwaltungsgeldbuße nach Teil 4.1 PCMLTFA

Action

Fine

Status of proceedings

final

Sector

Retail and e-commerce

Published

4 Dec 2025

Original amount 77,137.5 CAD, converted at the ECB reference rate of 17 Oct 2025.

Checked against the official source on 28 Sep 2026 · Version 3 · Direct link

The authorised dealer in foreign exchange with limited authority (ADLA, a category that includes bureaux de change) had not incorporated key requirements of the FIC Act into its risk management and compliance programme, had failed to identify and verify some customers and had not given its staff adequate training. The penalties amount to 100,000 ZAR (section 42(1)), 37,500 ZAR (section 20) and 25,000 ZAR (section 43), 162,500 ZAR in total. The amount and the facts have not been confirmed against the primary source.

Authority / court

South African Reserve Bank (SARB)

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

Sections 20, 42(1) und 43 Financial Intelligence Centre Act 38 of 2001

Action

Fine

Status of proceedings

unknown

Sector

Financial services and insurance

Published

17 Oct 2025

Original amount 162,500 ZAR, converted at the ECB reference rate of 17 Oct 2025.

Checked against the official source on 4 Oct 2026 · Direct link

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) imposed 176,960,190 CAD on the crypto payment service registered in British Columbia. In July 2024 alone, 1,068 suspicious transaction reports were not filed – including on transactions linked to child sexual abuse material, fraud, ransomware and sanctions evasion – as well as 1,518 reports of large virtual currency transactions; in addition, there were violations of a ministerial directive and a lack of policies and risk assessment. The company has appealed to the Federal Court.

Authority / court

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Area of law

Money laundering and terrorist financing · Suspicious activity reports

Legal basis

Proceeds of Crime (Money Laundering) and Terrorist Financing Act, Part 1, und zugehörige Verordnungen

Action

Fine

Status of proceedings

under appeal

Sector

Financial services and insurance

Published

22 Oct 2025

Original amount 176,960,190 CAD, converted at the ECB reference rate of 16 Oct 2025.

Checked against the official source on 25 Sep 2026 · Direct link

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.

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.

Checked against the official source on 25 Sep 2026 · Direct link

By decision of 13 October 2025 (final since 30 October 2025), Germany's Federal Financial Supervisory Authority (BaFin) imposed a fine of 45 million EUR on J.P. Morgan SE because the institution had culpably breached its duty of supervision in the internal processes for filing money laundering suspicious activity reports; from 4 October 2021 to 30 September 2022, suspicious activity reports were systematically not filed on time. BaFin points out that, in the case of systematic infringements, the amount of the fine can be based on the institution's total turnover.

Authority / court

Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)

Area of law

Money laundering and terrorist financing · Suspicious activity reports

Legal basis

§ 130 Abs. 1 OWiG (Aufsichtspflichtverletzung) i. V. m. Pflichten nach dem GwG (Verdachtsmeldungen); Bekanntmachung nach § 57 Abs. 1 GwG

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Employees

10,000 or more

Published

6 Nov 2025

Checked against the official source on 25 Sep 2026 · Direct link

An inspection in March 2024 showed that the manager of collective investment schemes was not applying its risk management and compliance programme (RMCP) effectively, particularly when risk-rating clients, that the programme had substantive gaps, that some clients and their beneficial owners had not been adequately identified and verified, and that the required ongoing and enhanced due diligence was missing. Alongside a directive to remediate and a caution, a penalty of 10.6 million ZAR was imposed, of which 3.6 million ZAR is conditionally suspended for two years; earlier contraventions of other laws were taken into account, including an enforceable undertaking and a penalty under the Collective Investment Schemes Control Act (CISCA). The amount and the facts have not been confirmed against the primary source.

Authority / court

Financial Sector Conduct Authority (FSCA)

Area of law

Money laundering and terrorist financing · Customer due diligence

Legal basis

Sections 42(1), 42(2), 20A, 21, 21A, 21B, 21C, 21E und 21F–21H Financial Intelligence Centre Act 38 of 2001 (FIC Act)

Action

Fine

Status of proceedings

unknown

Sector

Financial services and insurance

Repeat case

yes

Mitigating circumstances

Remedial action taken to date; 3.6 million ZAR suspended for two years, provided the deficiencies are fully remedied and the obligations are complied with on a sustained basis.

Published

13 Oct 2025

Original amount 10,600,000 ZAR, converted at the ECB reference rate of 13 Oct 2025.

Checked against the official source on 4 Oct 2026 · Direct link

The CSSF fined the bank EUR 185,000, around 1% of its annual turnover. The 2023 inspection revealed a monitoring system that was no longer maintained, thousands of unprocessed screening alerts (including on financial sanctions and PEPs), late suspicious activity reports and incorrect risk ratings. Several failings had already been raised by another European supervisory authority in 2020 without the bank remedying them effectively.

Authority / court

Commission de Surveillance du Secteur Financier (CSSF)

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

Art. 2-1(1) i. V. m. Art. 8-4(1), (2)(f) und (3)(a) Loi modifiée du 12 novembre 2004 (LBC/FT); Règlement grand-ducal du 1er février 2010; Règlement CSSF 12-02

Action

Fine

Status of proceedings

unknown

Sector

Financial services and insurance

Repeat case

yes

Mitigating circumstances

Limited scope of the inspection; the bank acknowledged the breaches, provided an action plan and started remediation.

Published

6 Jan 2026

Checked against the official source on 2 Oct 2026 · Direct link

The FCA barred Paywiser Limited, an authorised e-money institution, with immediate effect from providing e-money and payment services to new and existing customers and, by a direction under the money laundering rules, also prohibited it from carrying on cryptoasset business without registration. The FCA had serious concerns about its risk management and internal controls, did not consider its sole shareholder fit and proper, saw indications of unregistered cryptoasset business and criticised a lack of openness with the regulator.

Authority / court

Financial Conduct Authority (FCA)

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

reg. 11(1) Electronic Money Regulations 2011; regs. 56(1)(f) und 74C Money Laundering Regulations 2017; Principle 11 der FCA Principles for Businesses

Action

Order

Status of proceedings

unknown

Sector

Financial services and insurance

Checked against the official source on 3 Oct 2026 · Direct link

On the basis of an examination carried out in 2020, the Central Bank of Cyprus imposed a fine of EUR 350,000 on Payabl because the company had failed to comply with certain provisions of the money laundering law; the announcement does not give details. Payabl lodged an appeal with the Administrative Court on 12 December 2025. The decision is not final.

Authority / court

Central Bank of Cyprus (Κεντρική Τράπεζα της Κύπρου)

Area of law

Money laundering and terrorist financing

Legal basis

Section 59(6) Prevention and Suppression of Money Laundering Activities Law of 2007

Action

Fine

Status of proceedings

under appeal

Sector

Financial services and insurance

Published

3 Oct 2025

Checked against the official source on 28 Sep 2026 · Direct link

According to FINTRAC, Synergy Credit Union is a provincially regulated credit union based in Lloydminster, Saskatchewan. Canada's anti-money laundering regulator FINTRAC imposed an administrative monetary penalty of CAD 214,500 on the company on 26 September 2025. According to FINTRAC's findings, made during a compliance examination, the company committed 4 violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its regulations. As described by the regulator, the violations concerned suspicious transaction reporting, assessing and documenting money laundering and terrorist financing risks, enhanced measures for high risk and written compliance policies and procedures. Specifically, according to FINTRAC, the credit union failed to report suspicious transactions in two instances; contrary to its own policies, 46 of 102 high-risk clients were not reviewed annually. According to FINTRAC, the penalty has been paid in full and the case is closed. Source: FINTRAC (Financial Transactions and Reports Analysis Centre of Canada), "Administrative monetary penalty on Synergy Credit Union", published 27 November 2025, https://fintrac-canafe.canada.ca/pen/amps/pen-2025-11-27-eng; summarised in our own words; not an official version and not a reproduction of the original.

Authority / court

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Area of law

Money laundering and terrorist financing · Suspicious activity reports

Legal basis

PCMLTFA s. 7, 9.6(1), 9.6(3); PCMLTF Regulations 156(1)(b), 156(1)(c), 157; PCMLTF Suspicious Transaction Reporting Regulations s. 9(1); Verwaltungsgeldbuße nach Teil 4.1 PCMLTFA

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Published

27 Nov 2025

Original amount 214,500 CAD, converted at the ECB reference rate of 26 Sep 2025.

Checked against the official source on 28 Sep 2026 · Version 3 · Direct link

The Gambling Commission imposed a financial penalty of £10,000,000, a warning and an additional licence condition requiring an external audit on the operator of unibet.co.uk and uk.bingo.com. Between January 2023 and May 2024, its money laundering risk assessment did not take account of accounts previously closed over money laundering or terrorist financing concerns, so blocked customers could open new accounts; the AML policy was unclear about which level of due diligence applied when, and customers showing clear signs of harm were not contacted. It is the second enforcement action against the company, following one in 2023.

Authority / court

Gambling Commission

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

LC 12.1.1 Abs. 1–3 und LC 12.1.2 sowie SRCP 3.4.3 der Licence Conditions and Codes of Practice (LCCP); s. 117(1)(a) und (b) Gambling Act 2005

Action

Fine

Status of proceedings

unknown

Sector

Other

Repeat case

yes

Mitigating circumstances

The company cooperated throughout the investigation.

Published

22 Oct 2025

Original amount 10,000,000 GBP, converted at the ECB reference rate of 22 Sep 2025.

Checked against the official source on 3 Oct 2026 · Direct link

According to FINTRAC, First Nations Bank of Canada is a bank based in Saskatoon, Saskatchewan. Canada's anti-money laundering regulator FINTRAC imposed an administrative monetary penalty of CAD 601,139.80 on the company on 22 September 2025. According to FINTRAC's findings, made during a compliance examination, the company committed 5 violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its regulations. As described by the regulator, the violations concerned suspicious transaction reporting, written compliance policies and procedures, assessing and documenting money laundering and terrorist financing risks, enhanced measures for high-risk situations and ongoing monitoring of business relationships. Specifically, according to FINTRAC, suspicious transaction reports were missing in 5 of 16 case files reviewed; in six instances reviewed, high-risk clients were not subject to special measures. According to FINTRAC, the penalty has been paid in full and the case is closed. Source: FINTRAC (Financial Transactions and Reports Analysis Centre of Canada), "Administrative monetary penalty on First Nations Bank of Canada", published 16 October 2025, https://fintrac-canafe.canada.ca/pen/amps/pen-2025-10-16-eng; summarised in our own words; not an official version and not a reproduction of the original.

Authority / court

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Area of law

Money laundering and terrorist financing · Suspicious activity reports

Legal basis

PCMLTFA s. 7, 9.6(1), 9.6(3); PCMLTF Regulations 123.1, 156(1)(b), 156(1)(c), 157; PCMLTF Suspicious Transaction Reporting Regulations s. 9(1); Verwaltungsgeldbuße nach Teil 4.1 PCMLTFA

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Published

16 Oct 2025

Original amount 601,139.8 CAD, converted at the ECB reference rate of 22 Sep 2025.

Checked against the official source on 28 Sep 2026 · Version 3 · Direct link

Crédit Agricole CIB concluded a CJIP (convention judiciaire d'intérêt public, French deferred prosecution agreement) with the Parquet national financier (PNF, French national financial prosecutor) over suspected aggravated laundering of aggravated tax fraud through dividend arbitrage (cum-cum) and pays a public interest fine of 88,247,869 EUR. Including the taxes, interest and penalties paid in the tax proceedings, the prosecutor puts the overall sum at 134,432,437 EUR; the agreement was validated on 8 September 2025.

Authority / court

Parquet national financier (PNF); Validierung durch den Präsidenten des Tribunal judiciaire de Paris

Area of law

Money laundering and terrorist financing

Legal basis

Art. 41-1-2 Code de procédure pénale (blanchiment aggravé de fraude fiscale aggravée)

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Published

8 Sep 2025

Checked against the official source on 2 Oct 2026 · Direct link

According to FINTRAC, Commerciale I.C. - Pacific Inc. is a money services business based in Montréal, Quebec. Canada's anti-money laundering regulator FINTRAC imposed an administrative monetary penalty of CAD 224,235 on the company on 2 September 2025. According to FINTRAC's findings, made during a compliance examination, the company committed 5 violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its regulations. As described by the regulator, the violations concerned international electronic funds transfer reporting, written compliance policies and procedures, assessing and documenting money laundering and terrorist financing risks, the prescribed review of the compliance programme and compliance with a ministerial directive. Specifically, according to FINTRAC, 8 of 22 electronic funds transfer reports reviewed were not filed on time; the company also did not comply with a ministerial directive. According to FINTRAC, the company has appealed the decision to the Federal Court. Source: FINTRAC (Financial Transactions and Reports Analysis Centre of Canada), "Administrative monetary penalty on Commerciale I.C. - Pacific Inc.", published 5 February 2026, https://fintrac-canafe.canada.ca/pen/amps/pen-2026-02-05-eng; summarised in our own words; not an official version and not a reproduction of the original.

Authority / court

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

PCMLTFA s. 11.43; PCMLTF Regulations 132(1), 156(1)(b), 156(1)(c), 156(1)(f); Verwaltungsgeldbuße nach Teil 4.1 PCMLTFA

Action

Fine

Status of proceedings

under appeal

Sector

Financial services and insurance

Published

5 Feb 2026

Original amount 224,235 CAD, converted at the ECB reference rate of 2 Sep 2025.

Checked against the official source on 28 Sep 2026 · Version 3 · Direct link

According to FINTRAC, Juba Express Inc. is a money services business based in Toronto, Ontario. Canada's anti-money laundering regulator FINTRAC imposed an administrative monetary penalty of CAD 67,150 on the company on 29 August 2025. According to FINTRAC's findings, made during a compliance examination, the company committed 5 violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its regulations. As described by the regulator, the violations concerned written compliance policies and procedures, assessing and documenting money laundering and terrorist financing risks, international electronic funds transfer reporting, large cash transaction reporting and money services business registration requirements. Specifically, according to FINTRAC, nine electronic funds transfer reports and three large cash transaction reports were incomplete; one branch was not disclosed in the registration. According to FINTRAC, the company has appealed the decision to the Federal Court. Source: FINTRAC (Financial Transactions and Reports Analysis Centre of Canada), "Administrative monetary penalty on Juba Express Inc.", published 11 December 2025, https://fintrac-canafe.canada.ca/pen/amps/pen-2025-12-11-eng; summarised in our own words; not an official version and not a reproduction of the original.

Authority / court

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

PCMLTFA s. 9(1); PCMLTF Regulations 30(1)(a), 30(1)(b), 156(1)(b), 156(1)(c), 156(2); PCMLTF Registration Regulations s. 4(b), 5; Verwaltungsgeldbuße nach Teil 4.1 PCMLTFA

Action

Fine

Status of proceedings

under appeal

Sector

Financial services and insurance

Published

11 Dec 2025

Original amount 67,150 CAD, converted at the ECB reference rate of 29 Aug 2025.

Checked against the official source on 28 Sep 2026 · Version 3 · Direct link

According to FINTRAC, Saskatchewan Indian Gaming Authority is a reporting entity in the casino sector. Canada's anti-money laundering regulator FINTRAC imposed an administrative monetary penalty of CAD 1,175,000 on the company on 28 August 2025. According to FINTRAC's findings, made during a compliance examination, the company committed 3 violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its regulations. As described by the regulator, the violations concerned suspicious transaction reporting and written compliance policies and procedures. Specifically, according to FINTRAC, four suspicious transaction reports were missing, three reports filed contained no indicators of suspicion, and the regulator found shortcomings in patron risk rating in 41 of 100 instances reviewed. According to FINTRAC, the company has appealed the decision to the Federal Court. Source: FINTRAC (Financial Transactions and Reports Analysis Centre of Canada), "Administrative monetary penalty on Saskatchewan Indian Gaming Authority", published 12 September 2025, https://fintrac-canafe.canada.ca/pen/amps/pen-2025-09-12-eng; summarised in our own words; not an official version and not a reproduction of the original.

Authority / court

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Area of law

Money laundering and terrorist financing · Suspicious activity reports

Legal basis

PCMLTFA s. 7, 9(1), 9.6(1); PCMLTF Regulations 156(1)(b); Verwaltungsgeldbuße nach Teil 4.1 PCMLTFA

Action

Fine

Status of proceedings

under appeal

Sector

Other

Published

12 Sep 2025

Original amount 1,175,000 CAD, converted at the ECB reference rate of 28 Aug 2025.

Checked against the official source on 28 Sep 2026 · Version 3 · Direct link

The FSRA (Financial Services Regulatory Authority, the financial regulator of Abu Dhabi Global Market, ADGM) fined the registered auditor in ADGM, a branch of a foreign company, allegedly 20,400 USD for anti-money laundering failings between February 2022 and February 2024. In seven of 28 customer files reviewed, 397 screening alerts relating to four customers remained unresolved after a change of screening software, positive matches were dismissed without adequate justification, media reports alleging possible evasion of non-UAE sanctions by one customer were missed, the business risk assessment contained no assessment of targeted financial sanctions risk, and the source of funds and wealth of politically exposed persons was not verified. Without the 20% discount for early settlement the fine would have been 25,500 USD.

Authority / court

Financial Services Regulatory Authority (ADGM)

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

Section 232 FSMR 2015; AML Rules 4.1.1(1), 4.1.1(2)(a) und (d), 6.1.1, 7.1.1, 7.1.2(1)(a), 7.1.3, 8.3.1(1)(b), 8.3.2, 8.4.1(c), 8.6.1, 11.2.1(1); Art. 21 Cabinet Decision No. 74 of 2020

Action

Fine

Status of proceedings

final

Sector

Other

Repeat case

no

Mitigating circumstances

No previous breaches of the AML rules, cooperation and substantial remediation (15% reduction); 20% discount for early settlement; the failings concerned only the ADGM entity and no other entities of the UHY group.

Original amount 20,400 USD, converted at the ECB reference rate of 26 Aug 2025.

Checked against the official source on 3 Oct 2026 · Direct link

By decision of 22 August 2025, Germany's Federal Financial Supervisory Authority (BaFin) imposed a fine of 3.3 million EUR because the bank systematically filed suspicious activity reports late from June 2023 to March 2025; in February 2025, a penalty payment of 500,000 EUR had already been imposed for failure to comply with a 2023 order concerning Iran-related transactions (total 3.8 million EUR). In addition, in July 2025 BaFin ordered comprehensive remediation of the deficiencies in money laundering prevention, with an action plan and reporting obligations.

Authority / court

Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)

Area of law

Money laundering and terrorist financing · Suspicious activity reports

Legal basis

Bußgeld: § 56 Abs. 1 S. 1 Nr. 69, Abs. 3 GwG; Anordnung: § 51 Abs. 2 GwG, § 44 Abs. 1 KWG; Zwangsgeld: § 14 VwVG i. V. m. § 17 FinDAG; Bekanntmachung nach § 57 Abs. 1 GwG

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Repeat case

yes

Published

16 Sep 2025

Checked against the official source on 25 Sep 2026 · Direct link

Between 2011 and 2014, the bank did not take all the necessary organisational precautions, with the result that bribes flowed to Petrobras executives through several account relationships (around 71 million USD in attempted or completed aggravated money laundering). Fine of 3.5 million CHF; because of a settlement of 16 million CHF with Petrobras, the Office of the Attorney General of Switzerland (Bundesanwaltschaft, OAG) waived a compensation claim.

Authority / court

Bundesanwaltschaft

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

Art. 102 Abs. 2 StGB i. V. m. Art. 305bis Abs. 1 und 2 StGB

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Mitigating circumstances

Time elapsed since the offence, organisational corrective measures after the affair became known; no compensation claim because of the payment of 16 million CHF to Petrobras.

Published

22 Aug 2025

Original amount 3,500,000 CHF, converted at the ECB reference rate of 22 Aug 2025.

Checked against the official source on 28 Sep 2026 · Version 2 · Direct link

Between October 2014 and July 2015, around 174 million CHF from predicate offences in the 1MDB complex passed through the bank in 43 transfers, even though negative information about the Petrosaudi managers involved was publicly available. The Office of the Attorney General of Switzerland (Bundesanwaltschaft) convicted the bank by summary penalty order and imposed 3 million CHF; a compensation claim was waived because the 1MDB fund is being compensated as a private claimant.

Authority / court

Bundesanwaltschaft

Area of law

Money laundering and terrorist financing · Customer due diligence

Legal basis

Art. 102 Abs. 2 StGB i. V. m. Art. 305bis Abs. 1 und 2 StGB

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Mitigating circumstances

Time elapsed since the offence, very good cooperation in the proceedings, compensation of the private claimant (1MDB).

Published

22 Aug 2025

Original amount 3,000,000 CHF, converted at the ECB reference rate of 22 Aug 2025.

Checked against the official source on 25 Sep 2026 · Direct link

An investigation by the Virtual Assets Regulatory Authority (VARA, Dubai's virtual assets regulator) that began on 15 April 2025 found failures in the anti-money laundering programme, governance, compliance and internal controls of Morpheus Software Technology FZE (Fuze), licensed since October 2023. The company had also intentionally carried out virtual asset activities in breach of its licence conditions and failed to disclose material facts to the regulator. VARA imposed a fine of an undisclosed amount, issued a cease-and-desist order according to its enforcement list, and ordered the appointment of a Skilled Person to oversee remediation.

Authority / court

Virtual Assets Regulatory Authority (VARA), Dubai

Area of law

Money laundering and terrorist financing · Internal controls

Action

Fine

Status of proceedings

unknown

Sector

Financial services and insurance

Culpability

intentional

Mitigating circumstances

The company accepted the findings and proposed a remediation plan.

Published

18 Aug 2025

Checked against the official source on 3 Oct 2026 · Direct link

The New York State Department of Financial Services (NYDFS) imposed a penalty of 26.5 million USD on the crypto trust company because Paxos did not maintain an effective BSA/AML programme before 2023: KYC checks and risk ratings were inadequate, and transaction monitoring and suspicious activity reporting procedures had gaps, including in connection with the business relationship with Binance, contrary to a 2020 agreement. In addition, Paxos must invest at least 22 million USD in its compliance programme.

Authority / court

New York State Department of Financial Services (NYDFS)

Area of law

Money laundering and terrorist financing · Customer due diligence

Legal basis

New York Banking Law §§ 39, 44; AML-Vorschriften des NYDFS und Bank Secrecy Act

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Published

7 Aug 2025

Original amount 26,500,000 USD, converted at the ECB reference rate of 7 Aug 2025.

Checked against the official source on 25 Sep 2026 · Direct link

The Central Bank of the UAE (CBUAE) revoked the licence of the exchange house Gomti Exchange and struck it off the register (Article 137 of Decretal Federal Law No. 14 of 2018). Examinations had found significant failures by the company to comply with the framework for combating money laundering and the financing of terrorism and illegal organisations and with the sanctions framework.

Authority / court

Central Bank of the UAE (CBUAE)

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

Art. 137 Decretal Federal Law No. (14) of 2018 regarding the Central Bank and Organisation of Financial Institutions and Activities

Action

Other

Status of proceedings

unknown

Sector

Financial services and insurance

Published

31 Jul 2025

Checked against the official source on 3 Oct 2026 · Direct link

Central Bank examinations found significant failures by the exchange house to comply with the framework for combating money laundering, terrorist financing and illegal organisations and with sanctions requirements. The CBUAE revoked the licence and struck the exchange house off the register.

Authority / court

Central Bank of the UAE (CBUAE)

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

Art. 137 Decretal Federal Law No. (14) of 2018 regarding the Central Bank and Organisation of Financial Institutions and Activities

Action

Other

Status of proceedings

unknown

Sector

Financial services and insurance

Published

30 Jul 2025

Checked against the official source on 3 Oct 2026 · Direct link

According to FINTRAC, Peken Global Limited (KuCoin) is an entity determined to be a foreign money services business operating in Canada. Canada's anti-money laundering regulator FINTRAC imposed an administrative monetary penalty of CAD 19,552,000 on the company on 28 July 2025. According to FINTRAC's findings, the company committed 3 violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its regulations. As described by the regulator, the violations concerned money services business registration requirements, large virtual currency transaction reporting and suspicious transaction reporting. Specifically, FINTRAC found 33 instances of unreported suspicious transactions; the regulator identified unreported virtual currency receipts of CAD 10,000 or more using blockchain analytics, and registration as a foreign money services business was not completed despite the opportunity to do so. According to FINTRAC, the company has appealed the decision to the Federal Court. Source: FINTRAC (Financial Transactions and Reports Analysis Centre of Canada), "Administrative monetary penalty on Peken Global Limited", published 25 September 2025, https://fintrac-canafe.canada.ca/pen/amps/pen-2025-09-25-eng; summarised in our own words; not an official version and not a reproduction of the original.

Authority / court

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Area of law

Money laundering and terrorist financing · Suspicious activity reports

Legal basis

PCMLTFA s. 7, 11.1; PCMLTF Regulations 33(1)(f); Verwaltungsgeldbuße nach Teil 4.1 PCMLTFA

Action

Fine

Status of proceedings

under appeal

Sector

Financial services and insurance

Published

25 Sep 2025

Original amount 19,552,000 CAD, converted at the ECB reference rate of 28 Jul 2025.

Checked against the official source on 28 Sep 2026 · Version 3 · Direct link

According to FINTRAC, 2294235 Ontario Inc. is a money services business based in Niagara Falls, Ontario. Canada's anti-money laundering regulator FINTRAC imposed an administrative monetary penalty of CAD 70,537.50 on the company on 28 July 2025. According to FINTRAC's findings, made during a compliance examination, the company committed 6 violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its regulations. As described by the regulator, the violations concerned written compliance policies and procedures, assessing and documenting money laundering and terrorist financing risks, the compliance training programme, the prescribed review of the compliance programme, providing documents requested by notice and record keeping. The publication does not mention any pending review. Source: FINTRAC (Financial Transactions and Reports Analysis Centre of Canada), "Administrative monetary penalty on 2294235 Ontario Inc.", published 2 December 2025, https://fintrac-canafe.canada.ca/pen/amps/pen-2025-12-02-eng; summarised in our own words; not an official version and not a reproduction of the original.

Authority / court

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Area of law

Money laundering and terrorist financing · Customer due diligence

Legal basis

PCMLTFA s. 9.6(2), 63.1(2); PCMLTF Regulations 36(i), 156(1)(b), 156(1)(c), 156(1)(d), 156(1)(e), 156(1)(f), 156(2), 156(3); Verwaltungsgeldbuße nach Teil 4.1 PCMLTFA

Action

Fine

Status of proceedings

unknown

Sector

Financial services and insurance

Published

2 Dec 2025

Original amount 70,537.5 CAD, converted at the ECB reference rate of 28 Jul 2025.

Checked against the official source on 28 Sep 2026 · Version 3 · Direct link

The Securities and Commodities Authority (SCA, the UAE's federal securities regulator) fined an unnamed company it had licensed AED 5 million. According to its investigation, the company had breached rules on combating money laundering, terrorist financing and the financing of illegal organisations and, together with a foreign company, had misled investors in the UAE by suggesting that the foreign company was licensed by the SCA, with the aim of misappropriating client funds.

Authority / court

Securities and Commodities Authority (SCA)

Area of law

Money laundering and terrorist financing

Legal basis

Vorschriften der VAE zur Bekämpfung von Geldwäsche, Terrorismusfinanzierung und Finanzierung illegaler Organisationen (in der Mitteilung nicht näher bezeichnet)

Action

Fine

Status of proceedings

unknown

Sector

Financial services and insurance

Culpability

intentional

Published

25 Jul 2025

Original amount 5,000,000 AED, converted at the ECB reference rate of 25 Jul 2025.

Checked against the official source on 4 Oct 2026 · Direct link

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) imposed 72,750 CAD on the auditing and accountancy firm with four offices in British Columbia: approved written compliance policies, a documented risk assessment and the prescribed two-yearly effectiveness review were all lacking. The penalty was paid.

Authority / court

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

Proceeds of Crime (Money Laundering) and Terrorist Financing Act, Part 1, und zugehörige Verordnungen

Action

Fine

Status of proceedings

final

Sector

Other

Published

9 Oct 2025

Original amount 72,750 CAD, converted at the ECB reference rate of 25 Jul 2025.

Checked against the official source on 25 Sep 2026 · Direct link

The Hong Kong branch of Indian Overseas Bank was reprimanded, ordered to pay a pecuniary penalty of 8,500,000 HKD and required to carry out a look-back review of its transaction-monitoring alerts, submit a remedial plan and have its effectiveness assessed by an external adviser. Between May 2021 and January 2024 alerts were not properly followed up, unusual transactions of ten customers were not examined and documented, and senior management did not steer anti-money laundering controls effectively; a competent compliance officer, clear responsibilities and adequate training were lacking.

Authority / court

Hong Kong Monetary Authority (HKMA)

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

s. 21(2)(a), (b), (c) AMLO (Cap. 615); Schedule 2 ss. 5(1)(c), 19(3), 23 AMLO

Action

Fine

Status of proceedings

unknown

Sector

Financial services and insurance

Repeat case

no

Mitigating circumstances

No previous disciplinary record under the AMLO, cooperation with the regulator.

Liability of senior managers

The regulator found that senior management did not take a clear leadership role in anti-money laundering and did not appoint a competent compliance officer; the decision contains no measures against individuals.

Published

22 Jul 2025

Original amount 8,500,000 HKD, converted at the ECB reference rate of 22 Jul 2025.

Checked against the official source on 3 Oct 2026 · Direct link

The HKMA reprimanded the licensed stored value facility provider 33 Financial Services and ordered it to pay a pecuniary penalty of HKD 1.6 million. Between December 2019 and August 2023, a group made up of one corporate and five individual customers bought more than 49,000 gift cards for around HKD 25 million without the firm sufficiently establishing the purpose and nature of the business relationship; for ten customers whom it knew to be buying on behalf of businesses, those businesses were not subjected to due diligence. The firm also failed to ensure that business partners verified and documented the identity of non-Hong Kong resident customers in person.

Authority / court

Hong Kong Monetary Authority (HKMA)

Area of law

Money laundering and terrorist financing · Customer due diligence

Legal basis

Sections 33Q(2)(a) und 33Q(2)(b)(iii), Section 8Q Payment Systems and Stored Value Facilities Ordinance (Cap. 584) i. V. m. Section 6(2)(b) Part 2 Schedule 3; Guideline on AML/CFT (For Stored Value Facility Licensees)

Action

Fine

Status of proceedings

unknown

Sector

Financial services and insurance

Repeat case

yes

Mitigating circumstances

Remedial measures to improve controls and cooperation with the HKMA.

Published

22 Jul 2025

Original amount 1,600,000 HKD, converted at the ECB reference rate of 22 Jul 2025.

Checked against the official source on 3 Oct 2026 · Direct link

According to FINTRAC, British Columbia Lottery Corporation is a reporting entity in the casino sector based in Kamloops, British Columbia. Canada's anti-money laundering regulator FINTRAC imposed an administrative monetary penalty of CAD 1,075,000 on the company on 17 July 2025. According to FINTRAC's findings, made during a compliance examination, the company committed 3 violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its regulations. As described by the regulator, the violations concerned suspicious transaction reporting, written compliance policies and procedures and enhanced measures for high-risk situations. Specifically, according to FINTRAC, two suspicious transaction reports were missing; the corporation also failed to identify a patron as high risk despite the rate of play and volume of funds and did not apply enhanced due diligence. According to FINTRAC, the company has appealed the decision to the Federal Court. Source: FINTRAC (Financial Transactions and Reports Analysis Centre of Canada), "Administrative monetary penalty on British Columbia Lottery Corporation", published 28 August 2025, https://fintrac-canafe.canada.ca/pen/amps/pen-2025-08-28-eng; summarised in our own words; not an official version and not a reproduction of the original.

Authority / court

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Area of law

Money laundering and terrorist financing · Suspicious activity reports

Legal basis

PCMLTFA s. 7, 9.6(1), 9.6(3); PCMLTF Regulations 156(1)(b), 157; Verwaltungsgeldbuße nach Teil 4.1 PCMLTFA

Action

Fine

Status of proceedings

under appeal

Sector

Other

Published

28 Aug 2025

Original amount 1,075,000 CAD, converted at the ECB reference rate of 17 Jul 2025.

Checked against the official source on 28 Sep 2026 · Version 3 · Direct link

On 14 July 2025 the FCA fined Barclays Bank Plc £39,314,700 for breaching Principle 2 (due skill, care and diligence). The FCA found that between January 2015 and April 2021 the bank did not properly identify, assess and monitor the money laundering risks posed by one corporate client: apart from March 2019 to May 2020 it treated the client as low risk without knowing enough about its business or where its wealth and funds came from, and it did not reassess that rating when new warning signs emerged. Barclays settled with the FCA and received a 30% discount; without it the fine would have been £56,163,900.

Authority / court

Financial Conduct Authority (FCA)

Area of law

Money laundering and terrorist financing · Customer due diligence

Legal basis

FCA Principle 2; section 206 FSMA 2000

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Original amount 39,314,700 GBP, converted at the ECB reference rate of 14 Jul 2025.

Checked against the official source on 28 Sep 2026 · Version 2 · Direct link

The FCA fined Barclays Bank UK PLC £3,093,600. The FCA found that between January 2021 and April 2023 the bank did not gather sufficient information on the purpose and risks of a client money account it opened for a wealth manager; around £34 million was paid into the account. The FCA saw this as evidence of wider weaknesses in opening such accounts. The bank also agreed a voluntary payment of about £6.3 million for the wealth manager's clients.

Authority / court

Financial Conduct Authority (FCA)

Area of law

Money laundering and terrorist financing · Customer due diligence

Legal basis

FCA Principle 3; SYSC 6.1.1R; section 206 FSMA 2000

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Original amount 3,093,600 GBP, converted at the ECB reference rate of 14 Jul 2025.

Checked against the official source on 28 Sep 2026 · Version 2 · Direct link

According to FINTRAC, Canadian National Exhibition Association is a reporting entity in the casino sector based in Toronto, Ontario. Canada's anti-money laundering regulator FINTRAC imposed an administrative monetary penalty of CAD 199,000 on the company on 11 July 2025. According to FINTRAC's findings, made during a compliance examination, the company committed 2 violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its regulations. As described by the regulator, the violations concerned assessing and documenting money laundering and terrorist financing risks and the prescribed review of the compliance programme. According to FINTRAC, the company has appealed the decision to the Federal Court. Source: FINTRAC (Financial Transactions and Reports Analysis Centre of Canada), "Administrative monetary penalty on CNE Casino", published 4 September 2025, https://fintrac-canafe.canada.ca/pen/amps/pen-2025-09-04-eng; summarised in our own words; not an official version and not a reproduction of the original.

Authority / court

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

PCMLTFA s. 9.6(1); PCMLTF Regulations 156(1)(c), 156(1)(f); Verwaltungsgeldbuße nach Teil 4.1 PCMLTFA

Action

Fine

Status of proceedings

under appeal

Sector

Other

Published

4 Sep 2025

Original amount 199,000 CAD, converted at the ECB reference rate of 11 Jul 2025.

Checked against the official source on 28 Sep 2026 · Version 3 · Direct link

Central Bank examinations found that an unnamed bank had not complied with the CBUAE's instructions implementing the anti-money laundering law. The CBUAE imposed a financial sanction of AED 3,000,000.

Authority / court

Central Bank of the UAE (CBUAE)

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

Art. 14 Federal Decree Law No. (20) of 2018 on AML/CFT; Art. 137 Decretal Federal Law No. (14) of 2018 regarding the Central Bank

Action

Fine

Status of proceedings

unknown

Sector

Financial services and insurance

Published

10 Jul 2025

Original amount 3,000,000 AED, converted at the ECB reference rate of 10 Jul 2025.

Checked against the official source on 3 Oct 2026 · Direct link

In a coordinated multistate proceeding brought by six states – the New York State Department of Financial Services (NYDFS) with the supervisory authorities of CA, MN, NE, TX and MA – the money transmitter must pay 4.2 million USD. An examination (July 2022 to September 2023) found, among other things, a lack of independent AML reviews at an appropriate frequency, late suspicious activity reports, data quality problems in transaction monitoring and unremedied earlier findings; Wise does not admit any legal infringements and must conduct a lookback.

Authority / court

New York State Department of Financial Services (NYDFS) mit den Aufsichtsbehörden von CA, MN, NE, TX und MA

Area of law

Money laundering and terrorist financing · Suspicious activity reports

Legal basis

Bundes- und einzelstaatliches Recht zu Geldtransfer und BSA/AML (u. a. 31 CFR 1022.320)

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Mitigating circumstances

Remedial measures already initiated and lookback

Published

9 Jul 2025

Original amount 4,200,000 USD, converted at the ECB reference rate of 9 Jul 2025.

Checked against the official source on 25 Sep 2026 · Direct link

According to FINTRAC, TreasureMeta Corporation is a money services business based in Markham, Ontario. Canada's anti-money laundering regulator FINTRAC imposed an administrative monetary penalty of CAD 24,750 on the company on 9 July 2025. According to FINTRAC's findings, made in the course of its supervisory activity, the company committed one violation of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its regulations. As described by the regulator, the violation concerned money services business registration requirements. The publication does not mention any pending review. Source: FINTRAC (Financial Transactions and Reports Analysis Centre of Canada), "Administrative monetary penalty on TreasureMeta Corporation", published 5 February 2026, https://fintrac-canafe.canada.ca/pen/amps/pen-2026-02-05-1-eng; summarised in our own words; not an official version and not a reproduction of the original.

Authority / court

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

PCMLTF Registration Regulations s. 4(b), 5; Verwaltungsgeldbuße nach Teil 4.1 PCMLTFA

Action

Fine

Status of proceedings

unknown

Sector

Financial services and insurance

Published

5 Feb 2026

Original amount 24,750 CAD, converted at the ECB reference rate of 9 Jul 2025.

Checked against the official source on 28 Sep 2026 · Version 3 · Direct link

kompasbank a/s accepted an administrative fine of 5,000,000 DKK from the Finanstilsynet (Danish Financial Supervisory Authority). Between December 2022 and September 2023 it had not met the requirement of ongoing monitoring for 299 customer relationships; the fine was reduced in view of the bank's financial solidity.

Authority / court

Finanstilsynet

Area of law

Money laundering and terrorist financing · Customer due diligence

Legal basis

Hvidvaskloven § 11 stk. 1 nr. 5; administratives Bußgeld nach § 78 a hvidvaskloven

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Mitigating circumstances

Reduction in view of the bank's financial solidity.

Published

11 Jul 2025

Original amount 5,000,000 DKK, converted at the ECB reference rate of 8 Jul 2025.

Checked against the official source on 28 Sep 2026 · Direct link

The UK Financial Conduct Authority (FCA) imposed £21,091,300 (after a 30% discount) because, from 2018 to 2020, Monzo onboarded customers on the basis of sparse and sometimes obviously implausible information – such as well-known London landmarks given as addresses. Despite a requirement not to take on any more high-risk customers, the bank opened more than 34,000 such accounts up to 2022. According to the annual accounts filed with the UK companies register for financial year 2026, the company had around 4,591 employees.

Authority / court

Financial Conduct Authority (FCA)

Area of law

Money laundering and terrorist financing · Customer due diligence

Legal basis

FCA Principle 3 (PRIN 3); s. 55L FSMA (Verstoß gegen Auflage)

Action

Fine

Status of proceedings

final

Sector

Financial services and insurance

Employees

1,000 to 9,999

Mitigating circumstances

30% settlement discount

Published

8 Jul 2025

Original amount 21,091,300 GBP, converted at the ECB reference rate of 7 Jul 2025.

Checked against the official source on 28 Sep 2026 · Version 3 · Direct link

Following inspections of institutions linked to persons of interest (POIs) in the major money laundering case of August 2023, the Monetary Authority of Singapore (MAS, Singapore's central bank and financial regulator) allegedly imposed composition penalties totalling SGD 27.45 million because existing AML/CFT policies had been implemented poorly or inconsistently – in customer risk assessment, corroboration of source of wealth, transaction monitoring and follow-up after suspicious transaction reports. Breakdown: Credit Suisse Singapore Branch SGD 5.8m, United Overseas Bank SGD 5.6m, UBS AG Singapore Branch SGD 3m, UOB Kay Hian SGD 2.85m, Citibank N.A. Singapore and Citibank Singapore Limited together SGD 2.6m, Bank Julius Baer & Co. Ltd. Singapore Branch SGD 2.4m, Blue Ocean Invest SGD 2.4m, Trident Trust Company (Singapore) SGD 1.8m and LGT Bank (Singapore) SGD 1m. The penalty for Credit Suisse also reflects breaches between November 2017 and October 2023 relating to accounts of certain US customers. The amount and the facts have not been confirmed against the primary source.

Authority / court

Monetary Authority of Singapore (MAS)

Area of law

Money laundering and terrorist financing · Customer due diligence

Legal basis

MAS Notices 626, 1014, SFA04-N02 und TCA-N03; s 27B(2) Monetary Authority of Singapore Act 1970 bzw. s 16(4) Financial Services and Markets Act 2022; Composition nach s 176(1A) MAS Act 1970 bzw. s 177(1) FSMA 2022

Action

Fine

Status of proceedings

unknown

Sector

Financial services and insurance

Liability of senior managers

Measures against individuals are not set out here.

Published

4 Jul 2025

Original amount 27,450,000 SGD, converted at the ECB reference rate of 4 Jul 2025.

Checked against the official source on 4 Oct 2026 · Direct link

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).

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

According to FINTRAC, 9321-0599 Québec Inc. is a real estate brokerage based in Brossard, Québec. Canada's anti-money laundering regulator FINTRAC imposed an administrative monetary penalty of CAD 23,100 on the company on 2 July 2025. According to FINTRAC's findings, made during a compliance examination, the company committed 2 violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its regulations. As described by the regulator, the violations concerned written compliance policies and procedures and assessing and documenting money laundering and terrorist financing risks. According to FINTRAC, the company has appealed the decision to the Federal Court. Source: FINTRAC (Financial Transactions and Reports Analysis Centre of Canada), "Administrative monetary penalty on 9321-0599 Québec Inc.", published 20 November 2025, https://fintrac-canafe.canada.ca/pen/amps/pen-2025-11-20-1-eng; summarised in our own words; not an official version and not a reproduction of the original.

Authority / court

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

PCMLTFA s. 9.6(1); PCMLTF Regulations 156(1)(b), 156(1)(c); Verwaltungsgeldbuße nach Teil 4.1 PCMLTFA

Action

Fine

Status of proceedings

under appeal

Sector

Construction and real estate

Published

20 Nov 2025

Original amount 23,100 CAD, converted at the ECB reference rate of 2 Jul 2025.

Checked against the official source on 28 Sep 2026 · Version 3 · Direct link

The Banca d'Italia (Bank of Italy) imposed a fine of 390,000 EUR on Olinda SAS under Art. 62 of Legislative Decree 231/2007 for breaches by its Italian branch. The inspection from 29 January to 19 April 2024 had found shortcomings in customer profiling, customer due diligence, record keeping and suspicious transaction reporting, as well as unreported suspicious transactions. On the same day the authority imposed a further 60,000 EUR in a separate decision (no. 211) for breaches of the transparency rules of the Consolidated Banking Act (TUB).

Authority / court

Banca d'Italia

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

Art. 7, 16–20, 24, 25, 31, 32, 35, 36 und 62 D.Lgs. 231/2007; Bestimmungen der Banca d'Italia vom 26.03.2019, 30.07.2019 und 24.03.2020

Action

Fine

Status of proceedings

unknown

Sector

Financial services and insurance

Mitigating circumstances

The remedial action already initiated was taken into account.

Published

29 Sep 2025

Checked against the official source on 28 Sep 2026 · Direct link

In examinations of five licensed payment institutions providing cross-border money transfers, the Monetary Authority of Singapore (MAS, Singapore's central bank and financial regulator) found failings in customer due diligence, such as missing residential addresses, no inquiry into beneficial owners, no screening of customers against money laundering risk information sources, unverified authority of persons acting for customers and missing originator or beneficiary information on cross-border wire transfers. On 27 June 2025 it allegedly imposed composition penalties totalling 960,000 SGD: Remsea 280,000, Arcade Plaza Traders 260,000, J-Dee Remittance Services 170,000, Mobile Community Tech 140,000 and OxPay SG 110,000 SGD. The amount and the facts have not been confirmed against the primary source.

Authority / court

Monetary Authority of Singapore (MAS)

Area of law

Money laundering and terrorist financing · Customer due diligence

Legal basis

MAS Notice PSN01; s 27B(2) Monetary Authority of Singapore Act bzw. s 16(4) Financial Services and Markets Act 2022; Composition nach s 176(1A) MAS Act 1970 bzw. s 177(1) FSMA 2022

Action

Fine

Status of proceedings

unknown

Sector

Financial services and insurance

Published

27 Jun 2025

Original amount 960,000 SGD, converted at the ECB reference rate of 27 Jun 2025.

Checked against the official source on 4 Oct 2026 · Direct link

HMRC imposed a penalty of £158,679 under the Money Laundering Regulations 2017 on the gallery, which is supervised for anti-money laundering purposes as an art market participant. The failings concerned risk assessment, policies and controls, staff training, due diligence, the timing of verification and record keeping; no appeal was lodged.

Authority / court

HM Revenue & Customs (HMRC)

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

Reg. 18, 19, 24, 28, 30, 40 und 41 Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017

Action

Fine

Status of proceedings

final

Sector

Retail and e-commerce

Published

26 Jun 2025

Original amount 158,679 GBP, converted at the ECB reference rate of 26 Jun 2025.

Checked against the official source on 3 Oct 2026 · Direct link

An on-site inspection from February to May 2024 revealed deficiencies in organisation and internal controls relating to customer profiling, due diligence obligations and active cooperation (suspicious transaction reports). The Bank of Italy (Banca d'Italia) imposed an administrative fine of 60,000 EUR, taking into account the corrective measures taken.

Authority / court

Banca d'Italia

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

Art. 62 d.lgs. 231/2007; Verstöße gegen Art. 7, 16–20, 24, 25, 35, 36 d.lgs. 231/2007

Action

Fine

Status of proceedings

unknown

Sector

Financial services and insurance

Mitigating circumstances

Corrective measures taken

Checked against the official source on 25 Sep 2026 · Direct link

According to FINTRAC, Pacesetter Marketing Ltd. is a real estate brokerage based in Vancouver, British Columbia. Canada's anti-money laundering regulator FINTRAC imposed an administrative monetary penalty of CAD 41,085 on the company on 24 June 2025. According to FINTRAC's findings, made during a compliance examination, the company committed 3 violations of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) and its regulations. As described by the regulator, the violations concerned written compliance policies and procedures, assessing and documenting money laundering and terrorist financing risks and the prescribed review of the compliance programme. According to FINTRAC, the company is paying the penalty in full and the case is closed. Source: FINTRAC (Financial Transactions and Reports Analysis Centre of Canada), "Administrative monetary penalty on Pacesetter Marketing Ltd.", published 20 November 2025, https://fintrac-canafe.canada.ca/pen/amps/pen-2025-11-20-2-eng; summarised in our own words; not an official version and not a reproduction of the original.

Authority / court

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

Area of law

Money laundering and terrorist financing · Internal controls

Legal basis

PCMLTFA s. 9.6(1); PCMLTF Regulations 156(1)(b), 156(1)(c), 156(1)(f), 156(3); Verwaltungsgeldbuße nach Teil 4.1 PCMLTFA

Action

Fine

Status of proceedings

final

Sector

Construction and real estate

Published

20 Nov 2025

Original amount 41,085 CAD, converted at the ECB reference rate of 24 Jun 2025.

Checked against the official source on 28 Sep 2026 · Version 3 · Direct link