Regulations
Regulatory developments, compliance updates, and policy changes in global finance.
Taiwan FSC Fines Bank of Taiwan NT$22 Million Over Employee Fraud Collusion and Compliance Failures
Taiwan's FSC has imposed a NT$22 million fine on Bank of Taiwan after two former employees colluded with a fraud syndicate and the bank failed to act on repeated money laundering alerts.
RBI Fines Five Indian Banks Including ICICI and Bank of Baroda for Regulatory Breaches
India's RBI imposed penalties totalling over ₹2.5 crore on ICICI Bank, Bank of Baroda, Axis Bank, IDBI Bank, and Bank of Maharashtra for cybersecurity, KYC, and conduct failures.
People's Bank of China Issues New Data Security Measures for Financial Institutions, Effective June 2025
The PBoC issued new data security measures on 1 May 2025, taking effect on 30 June, covering all entities conducting PBoC-regulated activities including payment firms.
RBI Imposes Over ₹27 Crore in Penalties on Indian Banks Across 40 Actions in 2025
India's RBI levied approximately ₹27 crore in fines across 40 enforcement actions against scheduled commercial banks in 2025, with private sector lenders paying nearly double public sector peers.
CBN Fines Nigeria's Paystack N250 Million for Launching Zap Without Regulatory Approval
Nigeria's central bank fined Paystack N250 million and ordered it to shut down its Zap peer-to-peer product after it launched without the mandatory CBN approval.
India's RBI Imposes ₹1.72 Crore Penalty on State Bank of India for Lending and Deposit Violations
The Reserve Bank of India has fined State Bank of India ₹1.72 crore for breaches of priority sector lending guidelines and interest rate on deposits rules.
BaFin Fines UmweltBank AG €520,000 for Four-Year Compliance Staffing Failures
Germany's BaFin imposed a €520,000 fine on UmweltBank AG after finding its WpHG compliance function was inadequately staffed for four consecutive years.
Lebanon Passes Banking Secrecy Reform Law in Third Bid to Meet IMF Conditions
Lebanon's parliament approved a new banking secrecy law by 87 votes to enable access to a decade of banking records, aiming to satisfy IMF reform conditions.
South Korea's FSC Implements Revised Enforcement Regime with Transaction Bans and Account Freezes for Market Abuse
South Korea's FSC activated a revised FSCMA enforcement framework on 23 April 2025, introducing transaction bans and account freezes for unfair trading and illegal short selling.
UAE Central Bank Sanctions Eight Banks Over Nationals Defaulted Debts Settlement Fund Violations
The CBUAE imposed administrative sanctions on eight UAE banks under Article 137 for non-compliance with Nationals Defaulted Debts Settlement Fund facility regulations.
ECB Fines SEB's Baltic Subsidiaries €1.24 Million Over Internal Credit Risk Model Deficiencies
The ECB imposed penalties totalling €1.24M on SEB's Estonian, Latvian, and Lithuanian subsidiaries for failing to maintain adequate margins of conservatism in their IRB credit risk models.
Argentina's BCRA Eliminates Most Foreign Exchange Controls Under New Crawling Peg Regime
The BCRA's Communication A-8226 scraps most remaining FX controls in Argentina, replacing the fixed exchange rate with a floating crawling peg band effective 14 April 2025.