Regulations
Regulatory developments, compliance updates, and policy changes in global finance.
Bank of Ghana Bans Unfunded Foreign Currency Cash Payments to Large Corporates
Bank of Ghana's Notice No. BG/GOV/SEC/2025/26 prohibits FCY cash payouts to bulk oil distributors and miners unless backed by equivalent deposits.
Central Bank of Kuwait Issues KD 55,000 in Combined AML Fines on Local Bank and Electronic Payment Provider
Kuwait's central bank has levied KD 55,000 across two enforcement actions against a local bank and an e-payment provider for AML/CFT breaches, with the bank also receiving a written warning.
Central Bank of Kuwait Fines Electronic Payment Provider KD 20,000 for AML/CTF Breaches
Kuwait's central bank has penalised an e-payment service provider KD 20,000 for breaching its AML/CTF instructions issued in July 2023, the latest enforcement action in the country's payments sector.
OCC Enters Formal Agreement with Illinois's First National Bank & Trust Over BSA/AML Deficiencies
The OCC has entered a formal agreement with First National Bank & Trust of Clinton, Illinois, requiring it to overhaul its BSA/AML compliance programme and strengthen transaction monitoring.
Central Bank of Kenya Fines 11 Banks KES 191 Million for Lending and Governance Violations
The CBK penalised 11 commercial banks KES 191 million for breaching single-borrower lending limits, insider lending rules, capital floors, and liquidity requirements in 2024.
RBI Fines ICICI Bank ₹75 Lakh for Valuation and Current Account Breaches
India's central bank penalised ICICI Bank ₹75 lakh for failing to use independent valuers on mortgage loans and improperly maintaining current accounts.
NYDFS Orders Paxos Trust Company to Pay $26.5 Million for AML Compliance Failures
New York's financial regulator has fined Paxos Trust $26.5 million over systemic AML failures, including inadequate due diligence on former partner Binance.
CBUAE Imposes AED 600,000 Sanction on UAE Finance Company for Consumer Protection Breaches
The Central Bank of the UAE fined an unnamed licensed finance company AED 600,000 for market conduct failures breaching its Consumer Protection Regulation and Standards.
People's Bank of China Establishes Financial Stability and Development Committee for Macroprudential Oversight
The PBoC launched a new Financial Stability and Development Committee on 1 August 2025 to strengthen system-wide risk monitoring under a macroprudential mandate.
BCEAO's 15 New Instructions on External Financial Relations Enter Force Across WAEMU
The West African Central Bank's 15 implementing instructions for Regulation No. 06/2024/CM/UEMOA took effect on 1 August 2025, reshaping cross-border payments across the bloc.
CBUAE Imposes AED 10.7 Million Sanction on UAE Exchange House for AML/CFT Failures
The Central Bank of the UAE fined an unnamed exchange house AED 10.7 million on 1 August 2025 for failing to comply with AML/CFT policies and sanctions obligations.
Malaysia's BNM Fines Bank Islam, Bank Rakyat, and BSN Over RM7 Million for System Failures and AML Breaches
Bank Negara Malaysia imposed over RM7m in penalties on Bank Islam, Bank Rakyat, and Bank Simpanan Nasional for prolonged service outages and AML/CFT screening failures.