Regulations
Regulatory developments, compliance updates, and policy changes in global finance.
Brazil's Banco Central Overhauls Pix Penalty Framework With New BCB Resolution 507
Brazil's central bank published Resolution BCB 507, replacing the Pix penalties framework with graduated sanctions including a new exclusion penalty for serious violations.
Bangladesh Bank Levies Maximum Tk 30 Lakh Penalty on Bank Asia for Capital Flight Violations
Bangladesh Bank imposed the statutory maximum Tk 30 lakh fine on Bank Asia on 24 September 2025 for facilitating capital flight through outward remittances that bypassed foreign exchange controls.
ECB Banking Supervision Fines Estonia's LHV Group €405,000 for Regulatory Reporting Violations
The ECB's Banking Supervision arm imposed a final €405,000 penalty on AS LHV Group, Estonia's largest domestic bank, for violations of regulatory reporting requirements on 24 September 2025.
Banco de España Fines IRB Corporation BS Ltd €670,000 for Very Serious Governance Breaches
Spain's central bank imposed a €670,000 penalty on IRB Corporation BS Ltd for very serious infringements of prudential supervision rules, citing risk management failures and inadequate corporate governance.
CFPB Terminates 2022 Consent Order Against US Regions Bank After Full Compliance
The CFPB has terminated its 2022 consent order against Regions Bank after the lender paid a $50 million penalty and refunded at least $141 million to customers for illegal surprise overdraft fees.
Bank of Ghana Suspends Remittance Partnerships of Five Money Transfer Operators for Foreign Exchange Violations
The Bank of Ghana suspended remittance partnerships of Taptap Send, Top Connect, Remit Choice, Send App, and Afriex for one month from 18 September 2025 for breaching foreign exchange rules.
BSP Proposes Asset-Based Fine Framework for Bank Reporting Lapses in Philippines
The Bangko Sentral ng Pilipinas has proposed graduated fines of up to PHP 10,000 per day for large banks that fail to submit regulatory reports on time.
OSFI Toughens Administrative Monetary Penalty Regime for Federally Regulated Financial Institutions
OSFI issued new AMP enforcement guidance on 11 September 2025, lowering its tolerance for contraventions and imposing penalties more promptly, including for minor infractions.
FDIC Revises Enforcement Manual to Allow Consent Order Termination on Substantial Compliance
The FDIC updated its Enforcement Actions Manual on 8 September 2025 to allow consent orders to be terminated on substantial compliance, replacing a full-compliance requirement.
Central Bank of Kenya Warns Eleven Banks Over Ksh 15 Billion Capital Shortfall Ahead of December Deadline
The Central Bank of Kenya has issued a formal warning to eleven commercial banks requiring them to collectively raise Ksh 15bn in core capital by December 2025 or face licence revocation.
FINTRAC Imposes $1.175 Million Penalty on Saskatchewan Indian Gaming Authority for AML Violations
Canada's FINTRAC has levied a $1.175 million administrative monetary penalty on SIGA for three violations of the Proceeds of Crime Act, which SIGA has appealed to the Federal Court.
Vietnam's State Bank Deactivates Over 86 Million Accounts in Biometric Compliance Enforcement
The State Bank of Vietnam has deactivated more than 86 million bank accounts after holders failed to meet a mandatory biometric identity verification deadline under Circular 17/2024.