Regulations
Regulatory developments, compliance updates, and policy changes in global finance.
Egypt's Central Bank Fines HSBC Egypt EGP 1.143 Billion in Tightened Regulatory Enforcement
The Central Bank of Egypt has imposed a fine of EGP 1.143 billion ($24.1 million) on HSBC Egypt, which says it is implementing agreed corrective actions.
Hong Kong SFC Fines Saxo Capital Markets HK$4 Million Over Virtual Asset Retail Breaches
Hong Kong's SFC has reprimanded and fined Saxo Capital Markets HK$4 million after the broker distributed 32 unauthorised virtual asset funds to 130 retail investors across 1,446 transactions.
CBUAE Revokes Omda Exchange Licence and Imposes AED 10 Million Fine for AML Violations
The Central Bank of the UAE has revoked Omda Exchange's operating licence and imposed a AED 10 million sanction after examinations revealed serious AML and regulatory failures.
Federal Court Orders ANZ to Pay A$250 Million in Penalties Across Bond Misconduct, Hardship Failures, and Savings Rate Misrepresentations
Australia's Federal Court has ordered ANZ to pay A$250 million in penalties for bond market misconduct, hardship failures, and false savings rate claims affecting tens of thousands of customers.
OCC Terminates July 2024 Consent Order Amendment Against Citibank After Full Compliance
The US OCC has terminated its July 2024 amendment to the 2020 consent order against Citibank N.A., citing the bank's demonstrated compliance with all required articles.
APRA Imposes A$50 Million Capital Charge on Bendigo and Adelaide Bank Over Risk Management Deficiencies
APRA has hit Bendigo and Adelaide Bank with a A$50 million operational risk capital charge, effective 1 January 2026, amid a concurrent AUSTRAC enforcement investigation.
APRA Accepts Court Enforceable Undertaking from Netwealth Superannuation Services Over Investment Governance Failures
APRA has bound Netwealth Superannuation Services to a Court Enforceable Undertaking requiring governance remediation and roughly $100 million in member compensation tied to First Guardian losses.
BaFin Imposes Enhanced Oversight on N26, Orders Capital Reserves and Special Monitor
Germany's BaFin has ordered N26 to maintain higher capital reserves, appointed a special monitor, and banned new mortgage products in the Netherlands following a 2024 special audit.
SFC Reprimands and Fines EFG Bank AG Hong Kong Branch HK$10.85 Million for Regulatory Failures
Hong Kong's SFC has fined EFG Bank AG's Hong Kong Branch HK$10.85 million for product due diligence, record-keeping, and late reporting failures spanning 2015 to 2020.
FCA Fines Nationwide Building Society £44.1 Million for Anti-Money Laundering Control Failures
The FCA has fined Nationwide Building Society £44,078,500 for inadequate anti-money laundering systems and controls between October 2016 and July 2021, citing breaches of three regulatory principles.
Federal Reserve Terminates Enforcement Actions Against Credit Suisse Entities and JPMorgan Chase
The US Federal Reserve has closed enforcement actions against Credit Suisse and its US entities dating to 2014 and 2020, and terminated a 2024 cease and desist order against JPMorgan Chase.
RBI Imposes ₹99.3 Lakh Penalty on Jammu and Kashmir Bank for KYC and Ombudsman Compliance Failures
The Reserve Bank of India fined Jammu and Kashmir Bank ₹99.3 lakh on 5 December 2025 for breaches related to the Ombudsman Scheme, customer service, and video-based KYC requirements.