Regulations
Regulatory developments, compliance updates, and policy changes in global finance.
UAE Central Bank Imposes AED 100 Million Fine on Exchange House for AML Failures
The CBUAE has sanctioned an unnamed exchange house AED 100 million for significant failures in its anti-money laundering and counter-terrorism financing framework.
CBUAE Fines Two Foreign Bank Branches AED 18.1 Million for AML/CFT Non-Compliance
The UAE central bank sanctioned two foreign bank branches a combined AED 18.1m — AED 10.6m and AED 7.5m respectively — for AML/CFT framework violations identified through examinations.
CBUAE Imposes Record AED 200 Million Penalty on UAE Exchange House for AML Failures
The UAE central bank imposed a record AED 200m fine on a major exchange house for pervasive AML/CFT failures, personally banning and fining the branch manager AED 500,000.
RBI Imposes ₹1 Crore Penalty on ICICI Bank for Loans and Advances Compliance Failures
India's Reserve Bank imposed a ₹1 crore monetary penalty on ICICI Bank for non-compliance with regulatory directions on loans and advances, citing findings from a 2022 inspection.
CBN and SEC Fine Access Holdings ₦1.21 Billion for AML and Cybersecurity Failures
Nigeria's CBN and SEC jointly levied a ₦1.21bn fine on Access Holdings for anti-money laundering breaches, unauthorised government fund warehousing, and cybersecurity failures.
FDIC Rescinds 2024 Bank Merger Policy and Reinstates Prior Less Restrictive Framework
The FDIC Board voted on 20 May 2025 to rescind its 2024 bank merger statement of policy and reinstate the prior, less restrictive framework for reviewing bank merger transactions.
UAE Central Bank Imposes Record AED 200 Million Fine on Exchange House for AML Failures
The CBUAE imposed a record AED 200 million ($54.45m) sanction on an unnamed UAE exchange house for significant AML/CFT framework failures, with a branch manager also barred.
FINMA Orders Julius Baer to Disgorge CHF 3 Million Over Serious AML Violations
Switzerland's FINMA found Julius Baer committed serious anti-money laundering breaches and ordered CHF 3m in profit disgorgement plus CHF 1.3m in costs.
OCC Issues Cease and Desist Orders Against Eastern National Bank and EH National Bank
The OCC issued C&D orders against two US national banks for safety and soundness failures in capital planning, liquidity risk, and board supervision on 15 May 2025.
Sweden's Finansinspektionen Fines Swedbank SEK 12.5 Million for Protective Security Failings
Sweden's Finansinspektionen fined Swedbank SEK 12.5 million for protective security regulation violations, citing documentation shortcomings in security analyses from mid-2022 to early 2024.
ECB SSM Reports 19% Rise in Enforcement Proceedings and €27.9 Million in Fines for 2024
The ECB's supervisory arm opened 293 new proceedings in 2024, with total formal proceedings rising 19% to 441 and pecuniary penalties reaching €27.9 million.
DNB Fines Dutch Digital Bank bunq €2.6 Million for AML Control Deficiencies
De Nederlandsche Bank imposed a €2.6 million fine on bunq B.V. on 6 May 2025 for serious anti-money laundering deficiencies identified during the period January 2021 to May 2022.