Compliance Radar
Who was sanctioned, and for what?
Fines, court rulings and incidents from Europe and North America: 756 cases from 32 jurisdictions, each with an official source and checked against that source before publication. Filter by country, area of law and sector. Click a chart to drill down one level.
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Where?
by regionAll jurisdictions
What for?
by action- Fine €265.1m 100 % · 19 cases
- Order — 0 % · 3 cases
Who?
by sectorAll sectors
When?
per quarter, by date of decision| Period | Cases | Total |
|---|---|---|
| Q3 2023 | 1 | €7.48m |
| Q4 2023 | 1 | €790,000 |
| Q1 2024 | 1 | €1.68m |
| Q2 2024 | 0 | — |
| Q3 2024 | 0 | — |
| Q4 2024 | 1 | €113m |
| Q1 2025 | 3 | €1.41m |
| Q2 2025 | 4 | €3.25m |
| Q3 2025 | 2 | €3.78m |
| Q4 2025 | 3 | €21.6m |
| Q1 2026 | 4 | €3.8m |
| Q2 2026 | 0 | — |
| Q3 2026 | 2 | €108.4m |
22 cases
16 Sep 2026 Wallester ASFinancial supervisor orders Wallester to remedy governance and AML deficiencies Order
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.
Fast-growing payment service providers must let their compliance, AML and internal audit functions grow with them in terms of staffing and organisation.
- 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
- Finantsinspektsioon tegi Wallester AS-ile ettekirjutuse (16.09.2026) Press release of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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3 Aug 2026 UBS Financial Services Inc.FinCEN: 125 million USD against UBS Financial Services as a repeat offender €108.4m
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.
Monitoring gaps left unremedied after an earlier enforcement action lead, the second time round, to a multiple of the original penalty.
- 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.
- FinCEN Assesses Historic $125 Million Penalty Against UBS Financial Services Inc. for Recidivist BSA Violations Press release of an authority
- FinCEN Consent Order Imposing Civil Money Penalty – UBS Financial Services Inc. (Number 2026-02) Decision of an authority
- FinCEN Enforcement Actions Enforcement database of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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11 Mar 2026 Birks Group Inc.FINTRAC: jeweller Birks sanctioned over missing risk assessment and compliance review €32,755
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.
Jewellers, too, must maintain a documented compliance programme with a risk assessment and regular effectiveness reviews.
- 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.
- FINTRAC imposes an administrative monetary penalty on Birks Group Inc. Press release of an authority
- Public notice of administrative monetary penalties Enforcement database of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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27 Feb 2026 MBaer Merchant Bank AGFINMA withdraws MBaer Merchant Bank's licence over serious anti-money laundering deficiencies Order
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.
Systematic anti-money laundering and sanctions deficiencies can cost a bank its licence – not just money.
- 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
- FINMA-Verfahren: MBaer Merchant Bank AG in Liquidation Press release of an authority
- Massnahmen bei MBaer Merchant Bank AG Press release of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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10 Feb 2026 Paxful Holdings Inc.Crypto platform Paxful: 4 million USD penalty after guilty plea to BSA infringements €3.36m
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.
Crypto platforms without registration and KYC face criminal liability – up to the limit of their ability to pay.
- 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.
- Virtual Asset Trading Platform Sentenced for Violating the Travel Act and Other Federal Criminal Charges Press release of an authority
- FinCEN Assesses $3.5 Million Penalty Against Paxful for Facilitating Suspicious Activity Involving Illicit Actors Press release of an authority
- FinCEN Consent Order Imposing Civil Money Penalty – Paxful, Inc. and Paxful USA, Inc. (Number 2025-02) Decision of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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28 Jan 2026 CCV Group B.V.Netherlands: payment institution CCV without integrity risk analysis – 406,125 EUR fine €406,125
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.
Without a documented integrity risk analysis, any money laundering prevention lacks its foundation – and that alone is subject to fines.
- 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
- Fine for CCV Group B.V. for lack of SIRA Press release of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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27 Nov 2025 Manor Windsor Realty Ltd.FINTRAC: estate agent Manor Windsor Realty without AML training programme – 107,250 CAD €65,907
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.
For estate agents, a missing written training programme is a separate violation subject to penalties.
AML training programme for estate agents
Missing or inadequate training played a role in the decision.
- 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.
- FINTRAC imposes an administrative monetary penalty on Manor Windsor Realty Ltd. Press release of an authority
- Public notice of administrative monetary penalties Enforcement database of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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5 Nov 2025 Coinbase Europe LimitedIreland: 21.5 million EUR against Coinbase Europe – 30 million transactions unchecked €21.5m
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.
Test monitoring rules regularly for complete coverage – a silent configuration error can go undetected for years.
- 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
- Enforcement Action against Coinbase Europe Limited Press release of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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28 Oct 2025 Landesbank Hessen-Thüringen Girozentrale (Helaba)BaFin: fine against Helaba over inadequate monitoring systems for money laundering prevention €20,000
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.
Transaction monitoring needs documented indicators and a regular independent quality review – the mere existence of software is not enough.
- 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
- Mangelhafte Geldwäscheprävention: BaFin setzt Bußgeld gegen die Landesbank Hessen-Thüringen Girozentrale fest Press release of an authority
- Bekanntmachung zur Landesbank Hessen-Thüringen Girozentrale Official register or notice
Checked against the official source on 25 Sep 2026 · Direct link
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22 Aug 2025 Bank J. Safra Sarasin AGBank J. Safra Sarasin: 3.5 million CHF fine for money laundering in the Petrobras complex €3.73m
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. A former asset manager was separately given a suspended prison sentence.
Unusual payment flows involving clients close to PEPs must be escalated and, if necessary, rejected – responsibility lies with the bank as an organisation.
Anti-money laundering and PEP clients
- 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.
- Liability of senior managers
- A former asset manager was separately given a suspended prison sentence of six months for aggravated money laundering (offences committed at another Swiss bank).
- Published
- 22 Aug 2025
Original amount 3,500,000 CHF, converted at the ECB reference rate of 22 Aug 2025.
- Bundesanwaltschaft verurteilt Bank J. Safra Sarasin AG (Strafbefehl) Press release of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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25 Jul 2025 DMCL Chartered Professional AccountantsFINTRAC: accountancy firm DMCL without compliance programme – 72,750 CAD €45,370
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.
Firms that handle money movements for clients are themselves obliged entities and need their own AML programme.
- 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.
- FINTRAC imposes an administrative monetary penalty on DMCL Chartered Professional Accountants Press release of an authority
- Public notice of administrative monetary penalties Enforcement database of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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24 Jun 2025 Banca Privata Leasing SpaBanca d'Italia: 60,000 EUR against Banca Privata Leasing over deficiencies in AML organisation €60,000
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.
Sound customer profiling is the basis for risk-appropriate due diligence and reporting.
- 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
- Banca Privata Leasing Spa – Provvedimento n. 197 del 24 giugno 2025 (AML) Decision of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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20 Jun 2025 Saxony: 7,000 EUR fine against art dealer over due diligence obligations and risk management €7,000
The Saxony State Directorate (Landesdirektion Sachsen), as anti-money laundering supervisor for the non-financial sector, imposed a fine of 7,000 EUR on an art dealer, announced in anonymised form, for breaches of the due diligence obligations and risk management requirements under the German Money Laundering Act (GwG). The authority had previously issued several orders on risk management in the art trade, backed by the threat of penalty payments.
Art dealers need a written risk analysis and must identify buyers for transactions of 10,000 EUR or more.
AML obligations in the art trade
- Authority / court
- Landesdirektion Sachsen (Geldwäscheaufsicht Nichtfinanzsektor)
- Area of law
- Money laundering and terrorist financing · Internal controls
- Legal basis
- Geldwäschegesetz (Sorgfaltspflichten, Risikomanagement); Bekanntmachung nach § 57 GwG
- Action
- Fine
- Status of proceedings
- final
- Sector
- Retail and e-commerce
- Bekanntmachungen gemäß § 57 GwG – Landesdirektion Sachsen (lfd. Nr. 36) Official register or notice
Checked against the official source on 25 Sep 2026 · Direct link
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17 Jun 2025 Banque Pictet et Cie SABanque Pictet: 2 million CHF fine for laundering Petrobras bribes €2.13m
Between 2010 and 2013, an asset manager at the bank validated 54 transfers through which bribes of around 4.1 million USD connected with SBM Offshore's charter contracts with Petrobras were concealed. The bank had not classified high-risk accounts as such and had inadequately monitored transfers; the Office of the Attorney General of Switzerland (Bundesanwaltschaft) imposed a fine of 2 million CHF, and the former employee received a suspended prison sentence.
Risk classification and transaction monitoring must take effect before individual relationship managers approve payments.
High-risk clients and transaction monitoring
- 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 und Art. 322septies StGB
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Mitigating circumstances
- Time elapsed since the offence, very good cooperation, organisational corrective measures after the Petrobras affair became known.
- Liability of senior managers
- Former asset manager: suspended prison sentence of six months (probation period of two years).
- Published
- 17 Jun 2025
Original amount 2,000,000 CHF, converted at the ECB reference rate of 17 Jun 2025.
- Banque Pictet et Cie SA und ehemaliger Vermögensverwalter per Strafbefehl verurteilt Press release of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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1 Apr 2025 OKCoin Europe LimitedMalta: 1.05 million EUR against crypto exchange OKCoin Europe over anti-money laundering deficiencies €1.05m
During an on-site examination in 2023, the Financial Intelligence Analysis Unit (FIAU) found deficiencies at the crypto service provider in its business risk assessment (including product risks), customer risk assessment, customer profiles, ongoing monitoring, suspicious transaction reporting and record-keeping. It imposed 1,054,269 EUR and a follow-up directive; the fine was open to appeal at the time of publication.
Crypto providers are held to the same due diligence standards as banks – the risk assessment must cover their own products.
Anti-money laundering for crypto-assets
- Authority / court
- Financial Intelligence Analysis Unit (FIAU)
- Area of law
- Money laundering and terrorist financing · Internal controls
- Legal basis
- Reg. 5(1), 5(4), 5(5), 7, 11, 15(3), 21 PMLFTR; FIAU Implementing Procedures
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Published
- 3 Apr 2025
- Administrative Measure Publication Notice – OKCoin Europe Limited Decision of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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4 Mar 2025 MAKI podjetje za turizem, trgovino in storitve d.o.o. KoperBureau de change MAKI: transaction limit of 1,000 EUR over unresolved anti-money laundering deficiencies Order
During a follow-up inspection, Banka Slovenije (Bank of Slovenia) found that the company had not remedied the anti-money laundering deficiencies it had been ordered to address in 2023; some infringements are considered serious. It limited transactions to 1,000 EUR per customer per day, ordered monthly reports and set a deadline of 30 June 2025.
Supervisory orders that are not implemented lead to business restrictions – working through them requires responsible persons and deadline control.
Anti-money laundering in small financial service providers
- Authority / court
- Banka Slovenije
- Area of law
- Money laundering and terrorist financing · Internal controls
- Legal basis
- Art. 164 ZPPDFT-2, Art. 280 ZBan-3, Art. 42.a ZBS-1
- Action
- Order
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Repeat case
- yes
- Razkritje informacij o izrečenem ukrepu subjektu nadzora – MAKI d.o.o. Koper Decision of an authority
- Banka Slovenije – Informacije o izrečenih ukrepih Enforcement database of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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27 Feb 2025 Morgan Stanley (Switzerland) GmbHMorgan Stanley (Switzerland): 1 million CHF fine for organisational deficiency in money laundering case €1.06m
In 2010, the company's legal predecessor did not take all necessary and reasonable organisational precautions to prevent a relationship manager from committing aggravated money laundering with assets derived from bribery offences in Greece. The Office of the Attorney General of Switzerland (Bundesanwaltschaft) concluded the proceedings with a summary penalty order of 1 million CHF.
Under corporate criminal law, organisational deficiencies do not become time-barred when the employee leaves – controls must be demonstrably effective.
- 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 StGB
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Published
- 27 Feb 2025
Original amount 1,000,000 CHF, converted at the ECB reference rate of 27 Feb 2025.
- Bundesanwaltschaft schliesst Strafuntersuchung gegen Morgan Stanley (Switzerland) GmbH mit Strafbefehl ab Press release of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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9 Jan 2025 Arian Financial LLPFCA: small broker Arian Financial fined over cum-ex money laundering risks €344,791
From January to September 2015, the broker had no effective systems against financial crime and was therefore exposed to the risk of facilitating fraudulent trading and money laundering in connection with cum-ex trades. Following proceedings before the Upper Tribunal, the UK Financial Conduct Authority (FCA) set the fine at £288,962.53 instead of the £744,745 originally intended.
Even small brokers must question unusually lucrative, circular trading patterns before executing them.
Recognising warning signs in unusual trading structures
- Authority / court
- Financial Conduct Authority (FCA)
- Area of law
- Money laundering and terrorist financing · Internal controls
- Legal basis
- FCA Principles 2 und 3 (PRIN 2, PRIN 3)
- Action
- Fine
- Status of proceedings
- reduced
- Sector
- Financial services and insurance
- Mitigating circumstances
- Reduction by the Upper Tribunal
- Published
- 10 Jan 2025
Original amount 288,962.53 GBP, converted at the ECB reference rate of 9 Jan 2025.
- FCA fines Arian Financial LLP for failings relating to cum-ex trading Press release of an authority
- 2025 fines | FCA Enforcement database of an authority
- Final Notice: Arian Financial LLP (09.01.2025) Decision of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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10 Oct 2024 The Toronto-Dominion BankFederal Reserve: 123.5 million USD against Toronto-Dominion Bank over AML oversight failure €113m
The Board of Governors of the Federal Reserve System imposed 123.5 million USD on the Canadian parent company because it neglected risk management and oversight of its US retail business, so that a US subsidiary was used to launder hundreds of millions of dollars. TD must move the AML programme to the US and commission an independent review of the board and management; the sanctions of all authorities involved (DOJ, FinCEN, OCC) add up to around 3.09 billion USD.
Parent companies are responsible for effective AML oversight of their foreign business – failures there can lead to sanctions running into billions.
- Authority / court
- Board of Governors of the Federal Reserve System
- Area of law
- Money laundering and terrorist financing · Internal controls
- Legal basis
- US-Anti-Geldwäschegesetze (laut Federal Reserve)
- Action
- Fine
- Status of proceedings
- final
- Sector
- Financial services and insurance
- Employees
- 10,000 or more
- Liability of senior managers
- Independent review of board and management ordered
- Published
- 10 Oct 2024
Original amount 123,500,000 USD, converted at the ECB reference rate of 10 Oct 2024.
- Federal Reserve Board fines Toronto-Dominion Bank $123.5 million for violations related to anti-money laundering laws Press release of an authority
Checked against the official source on 25 Sep 2026 · Direct link
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10 Jan 2024 Lombard International Assurance S.A.Lombard International Assurance: 1.68 million EUR over missing overall money laundering risk assessment €1.68m
During an inspection in 2021/2022, the Commissariat aux Assurances (Luxembourg insurance supervisory authority, CAA) found that the life insurer had not prepared an overall assessment of its money laundering risks, that guidance for employees on due diligence obligations (beneficial owners, high-risk countries, PEPs) was inadequate and that it was not checked whether the intermediaries used fulfilled their due diligence obligations. It imposed 1,682,000 EUR.
Without a documented overall risk assessment, a risk-based approach cannot be demonstrated – intermediaries must also be monitored.
Due diligence obligations regarding beneficial owners and PEPs
- Authority / court
- Commissariat aux Assurances (CAA)
- Area of law
- Money laundering and terrorist financing · Internal controls
- Legal basis
- Loi modifiée du 12 novembre 2004 (LBC/FT), Art. 2-1, 2-2, 8-4, 8-5; Règlement CAA 20/03
- Action
- Fine
- Status of proceedings
- unknown
- Sector
- Financial services and insurance
- Published
- 20 Mar 2024
- CAA – Sanction administrative Lombard International Assurance S.A. (20.03.2024) Decision of an authority
Checked against the official source on 25 Sep 2026 · Direct link