Regulations
Regulatory developments, compliance updates, and policy changes in global finance.
NYDFS Fines Block Inc. $40 Million for Cash App AML Failures Covering 2018 to 2021
NYDFS imposed a $40 million penalty on Block Inc. for KYC, transaction monitoring, and SAR deficiencies in Cash App operations between 2018 and 2021.
CBN Fines Zenith Bank ₦15.43 Billion in Nigeria's Largest Bank Penalty of 2024
Nigeria's central bank levied ₦15.43 billion in fines on Zenith Bank for FX infractions, the largest single-bank penalty in CBN's 2024 enforcement sweep.
APRA Imposes $1 Billion Capital Add-On and Court Enforceable Undertaking on ANZ Over Risk Failures
APRA raised ANZ's capital add-on to $1 billion and accepted a court enforceable undertaking after finding persistent non-financial risk management weaknesses.
SAMA Enforces PDPL Compliance Across Saudi Financial Institutions with Fines Up to SAR 5 Million
Saudi Central Bank SAMA launched active PDPL compliance supervision of financial institutions in Q1 2025, with penalties up to SAR 5m and licence sanctions for breaches.
Bank of Tanzania Enforces Foreign Currency Regulations and Consumer Complaints Framework
Tanzania's Bank of Tanzania brought the Foreign Currency Usage Regulations 2025 into force, reaffirming the shilling as primary currency, with TSh 1m daily fines for complaints breaches.
CFPB Cuts Supervisory Exams by Half and Refocuses Enforcement on Mortgage Fraud
The CFPB has announced a 50% reduction in supervisory examinations and a pivot back toward bank oversight, narrowing enforcement priorities to mortgage fraud, FCRA, and FDCPA violations.
India's RBI Revises Risk Weights on Bank Exposures to NBFCs from April 2025
India's RBI revised risk weights on bank exposures to NBFCs from 1 April 2025, aligning capital charges with external credit ratings, with microfinance consumer credit at 100%.
Central Bank of Kenya Issues Final Capital Adequacy and Liquidity Guidelines with October 2025 Deadline
The CBK has published final guidelines on capital adequacy, LCR, NSFR, and leverage ratios, requiring compliance by 1 October 2025 and directing 24 of 39 banks to submit capital-raising plans.
Turkey's Central Bank Mandates Open Banking Integration Through BKM with December 2025 Deadline
Turkey's CBRT has required payment service providers to integrate open banking access via BKM infrastructure, with a compliance deadline of 31 December 2025.
CBUAE Fines Five Banks and Two Insurers AED 2.6 Million for CRS and FATCA Reporting Failures
The UAE Central Bank imposed AED 2.621m in sanctions on five banks and two insurance companies for CRS/FATCA non-compliance — the first CBUAE enforcement action targeting tax reporting failures.
NYDFS Issues Consent Order Against Sigue Corporation for AML Compliance Failures in Money Transfer Operations
New York's DFS imposed a consent order on Sigue Corporation on 20 March 2025 for AML/CFT programme deficiencies, requiring enhanced controls and KYC improvements.
FCA Fines London Metal Exchange £9.25 Million for Trading Control Failures Behind 2022 Nickel Market Crisis
The FCA imposed a £9.25 million fine on the LME on 20 March 2025 for failing to maintain adequate trading controls that allowed the historic March 2022 nickel squeeze.