Regulations
Regulatory developments, compliance updates, and policy changes in global finance.
FCA Fines Monzo Bank £21.1 Million for Financial Crime Controls Failing to Keep Pace With Customer Growth
The FCA fined Monzo Bank £21,091,300 on 8 July 2025 for failing to maintain adequate financial crime controls as its customer base grew from 600,000 to over 5.8 million.
CBUAE Fines Three Exchange Houses a Combined AED 4.1 Million for AML and CFT Compliance Failures
The Central Bank of the UAE imposed combined fines of AED 4.1 million on three unnamed exchange houses on 7 July 2025 for AML and CFT compliance failures.
MAS Fines Nine Financial Institutions S$27.45 Million Over AML Failures Linked to 2023 Money Laundering Case
Singapore's MAS concluded a two-year investigation on 4 July 2025, imposing S$27.45 million in penalties on nine firms including Citi, UOB, and Credit Suisse Singapore Branch.
CBUAE Imposes AED 5.9 Million Sanction on Foreign Bank Branch for AML/CFT Non-Compliance
The Central Bank of UAE has imposed an AED 5.9 million financial sanction on a foreign bank branch for failing to comply with its AML/CFT framework obligations.
Central Bank of Oman Issues Regulatory Framework for Licensing and Supervising Digital Banks
Oman's Central Bank has introduced a digital bank regulatory framework setting capital requirements, governance standards, and operational guidelines for new entrants.
Banque du Liban Issues Circular 170 Banning Banks from Dealings with Unlicensed Money Transfer Entities
BdL's Circular 170 prohibits Lebanese banks and financial institutions from engaging with unlicensed money exchange and transfer companies, tightening AML/CFT compliance.
CBUAE Fines Three Exchange Houses AED 4.1 Million and UAE Bank AED 3 Million for AML/CFT Breaches
The Central Bank of UAE levied AED 4.1 million across three exchange houses and a separate AED 3 million fine on a UAE bank for AML/CFT violations in July 2025.
CBUAE Fines Two Foreign Bank Branches AED 18.1 Million for AML/CFT Framework Failures
The Central Bank of UAE imposed AED 18.1 million in fines on two foreign bank branches for AML/CFT framework failures, part of a year in which cumulative CBUAE penalties exceeded AED 370 million.
MAS Imposes S$960,000 in AML Penalties on Five Singapore Payment Institutions in Landmark Enforcement Action
Singapore's MAS fined five payment institutions S$960,000 in total for AML/CFT breaches in cross-border money transfers, the first such enforcement under the Payment Services Act 2019.
Mexico's CNBV Intervenes in CIBanco and Intercam Banco Following US FinCEN AML Orders
Mexico's CNBV placed CIBanco and Intercam Banco under temporary administrative intervention on 26 June 2025, coordinating with US FinCEN orders over anti-money laundering violations.
Jordan Enacts Strict Criminal Penalties Under Virtual Currency Transaction Law No. 14 of 2025
Jordan's new virtual asset law imposes up to one year in prison and fines of JD 100,000 on unlicensed operators, with the Central Bank of Jordan as regulator.
France's ACPR Fines Banque Delubac €600,000 and Issues Formal Reprimand for AML/CFT Failures
France's ACPR Sanctions Commission issued Banque Delubac a formal reprimand and a €600,000 fine on 19 June 2025 for material failures in its AML/CFT controls and alert reporting.