Regulations
Regulatory developments, compliance updates, and policy changes in global finance.
BaFin Imposes Record €45 Million Fine on J.P. Morgan SE for Systematic Late Filing of Suspicious Activity Reports
Germany's BaFin imposed its largest-ever penalty of €45 million on J.P. Morgan SE for systematically submitting suspicious activity reports late from October 2021 to September 2022.
Central Bank of Ireland Fines Coinbase Europe €21.5 Million for AML/CFT Monitoring Failures
Ireland's Central Bank fined Coinbase Europe €21.46 million after a 30% settlement discount for AML/CFT transaction monitoring breaches spanning April 2021 to March 2025.
Philippines' BSP Proposes Tiered Daily Fines for Payment Operators Over Reporting Non-Compliance
The BSP issued a draft circular proposing daily fines of up to PHP 3,000 for large banks and PHP 1,000 for non-bank payment operators that fail reporting obligations.
South Africa's FIC Issues 25 Sanctions Totalling R2.23 Million Against DNFBPs in 2024/25
South Africa's FIC imposed 25 administrative sanctions totalling R2.23 million on DNFBPs in 2024/25, following 556 inspections across medium and high-risk institutions.
Brazil's BCB and CMN Issue Joint Resolution 14 Setting Tiered Capital Rules for Payment Institutions
Brazil's BCB and CMN issued Joint Resolution 14 on 3 November 2025, setting tiered minimum capital of R$1–7 million for payment institutions based on activity type.
BaFin Fines J.P. Morgan SE €45 Million — a Record — for Systemic AML Failures in Frankfurt
Germany's BaFin has imposed a €45 million fine on J.P. Morgan SE in Frankfurt for failing to file suspicious transaction reports promptly — the largest penalty in the regulator's history.
ECB Issues First ESG Enforcement Action, Fining Spain's ABANCA €187,650 for Climate Risk Failures
The ECB imposed €187,650 in periodic penalty payments on Spain's ABANCA for failing to conduct and document a materiality assessment of climate-related risks within the required deadline.
South Africa's FSCA Imposes Record R119.8 Million in Penalties Across 51 Cases in 2024/25
South Africa's FSCA imposed R119.8 million in administrative penalties during 2024/25, its most active enforcement year on record, with the largest fines linked to fund mismanagement.
CBE Imposes Record EGP 1 Billion Fine on FAB Misr Over Beltone Holding Credit Violations
Egypt's central bank hit First Abu Dhabi Bank Misr with a EGP 1 billion penalty — the largest ever levied on a single bank — over credit facility violations tied to Beltone Holding.
Turkey's Parliament Prepares Bill Granting MASAK Real-Time Power to Freeze Bank Accounts
A 20-article bill would give Turkey's financial crimes unit MASAK instant authority to monitor and freeze bank accounts linked to suspicious transactions.
Austria's FMA Fines Volksbank Niederösterreich AG €52,000 for AML and CTF Due Diligence Breaches
Austria's FMA imposed a €52,000 fine on Volksbank Niederösterreich AG for breaching due diligence obligations under the Financial Markets Anti-Money Laundering Act.
South Africa's Prudential Authority Imposes R3.61 Million Penalty on African Bank Under Financial Sector Regulation Act
South Africa's Prudential Authority imposed a R3,610,000 administrative penalty on African Bank Limited under section 167(1) of the Financial Sector Regulation Act of 2017.