Regulations
Regulatory developments, compliance updates, and policy changes in global finance.
Lisbon Appeals Court Overturns €225 Million in Fines Against Eleven Portuguese Banks for Mortgage Collusion
Portugal's Lisbon Court of Appeal annulled €225 million in fines against eleven banks, ruling the mortgage collusion case was time-barred under the statute of limitations.
Banco de España Fines Spain's Banca March €605,424 for Very Serious AML Violations
Spain's central bank fined Banca March €605,424 for very serious anti-money laundering violations. The private wealth-focused lender said it would appeal the decision.
Bank of Ghana Issues AML/CFT Guidelines for Foreign Exchange Bureaux Under Act 1044
The Bank of Ghana has issued Notice No. BG/GOV/SEC/2025/04 laying out AML/CFT requirements for foreign exchange bureaux, covering due diligence and transaction monitoring.
BaFin Fines Deutsche Bank €23 Million for Three Separate Regulatory Offences
Germany's BaFin has imposed a total fine of €23.05 million on Deutsche Bank across three distinct offences spanning derivatives sales, investment advice recording, and account switching.
Bahrain's Central Bank Reports Halving of Capital Markets Enforcement Actions in 2024
The CBB's 2024 compliance report recorded 13 non-compliance cases and 3 enforcement escalations, half the prior year's figures, signalling improved adherence among listed firms.
Japan FSA Orders AEON Bank to Improve Operations After Thousands of Flagged Transactions Left Unreviewed
Japan's FSA has issued a business improvement order to AEON Bank after finding 14,639 flagged transactions were left unreviewed and the bank took an average of 152 days to report suspicious activity.
SFC Fines Hang Seng Bank HK$66.4 Million for Investment Product Misconduct Spanning Nine Years
The SFC has fined and reprimanded Hang Seng Bank HK$66.4 million for regulatory failures spanning nine years, including unsuitable product sales and overcharging clients at least HK$22.4 million.
South Africa's Standard Bank Fined R13 Million by Prudential Authority for FIC Act Violations
South Africa's Prudential Authority has imposed a R13 million penalty on Standard Bank for six violations of the FIC Act, including failures to report thousands of suspicious transactions.
Korea's FSC Raises Minimum Risk Weights on Bank Mortgage Loans to Curb Systemic Real Estate Risk
South Korea's Financial Services Commission has introduced higher minimum risk weights on bank domestic home mortgage loans as part of a capital framework aimed at reducing systemic real estate risk.
Norway's FSA Fines Danske Bank NOK 50 Million for Market Manipulation Violations
Norway's Financial Supervisory Authority issued a NOK 50 million administrative fine to Danske Bank on 22 January 2025 for violations of market manipulation prohibition rules.
DNB Fines de Volksbank €20 Million for AML Failures and Risk Management Deficiencies
De Nederlandsche Bank imposed two administrative fines totalling €20 million on de Volksbank for AML shortcomings and broad risk management failures covering the period 2018 to 2023.
CFPB Orders Block to Pay Up to $175 Million Over Cash App Fraud Investigation Failures and EFTA Violations
The CFPB has ordered Block to pay up to $175 million in consumer redress and penalties after finding Cash App systematically failed to protect users from unauthorised transactions.