Regulations
Regulatory developments, compliance updates, and policy changes in global finance.
Dutch central bank fines bunq €2.6 million over anti-money laundering failings
De Nederlandsche Bank said the online bank did not adequately follow up transaction monitoring alerts in high-risk customer files between January 2021 and May 2022. Bunq has objected.
OCC enters formal agreement with Illinois's First National Bank & Trust over capital and liquidity
The Clinton, Illinois bank must reach a 9% leverage ratio and 12% total capital ratio by 30 September 2025 and submit capital, strategic and liquidity plans under the agreement published on 21 August.
Bank of Ghana Bans Unfunded Foreign Currency Cash Payments to Large Corporates
A Bank of Ghana directive prohibits FCY cash payouts to bulk oil distributors and miners unless backed by equivalent deposits.
Central Bank of Kuwait Issues KD 55,000 in Combined AML Fines on Local Bank and Electronic Payment Provider
Kuwait's central bank has levied KD 55,000 across two enforcement actions against a local bank and an e-payment provider for AML/CFT breaches, with the bank also receiving a written warning.
Federal Reserve Sunsets Novel Activities Supervision Program, Integrates Crypto and Fintech Oversight into Standard Framework
The Federal Reserve has formally discontinued its Novel Activities Supervision Program, folding crypto and fintech oversight into its standard supervisory framework.
Central Bank of Kenya Fines 11 Banks for Lending and Governance Violations
The CBK penalised 11 commercial banks for breaching single-borrower lending limits, insider lending rules, capital floors, and liquidity requirements in 2024.
Taiwan FSC Fines Cathay United Bank NT$12 Million for Credit Card Internal Control Deficiencies
Taiwan's FSC has imposed a NT$12 million fine on Cathay United Bank for deficiencies in credit card customer information management, card reissuance, and payment systems.
RBI Fines ICICI Bank ₹75 Lakh for Valuation and Current Account Breaches
India's central bank penalised ICICI Bank ₹75 lakh for failing to use independent valuers on mortgage loans and improperly maintaining current accounts.
NYDFS Orders Paxos Trust Company to Pay $26.5 Million for AML Compliance Failures
New York's financial regulator has fined Paxos Trust $26.5 million, and required a further $22 million compliance investment, over systemic AML failures, including inadequate due diligence on former partner Binance.
CBUAE Imposes AED 600,000 Sanction on UAE Finance Company for Consumer Protection Breaches
The Central Bank of the UAE fined an unnamed licensed finance company AED 600,000 for market conduct failures breaching its Consumer Protection Regulation and Standards.
Federal Reserve and FDIC Release Public Sections of Resolution Plans for Eight Large US Banks
The Federal Reserve and FDIC published the public portions of living wills for eight large financial institutions on 5 August 2025 under Dodd-Frank Title I.
EBA and ECB Publish 2025 EU-Wide Stress Test Results Showing 370 Basis Point CET1 Depletion
The 2025 EU-wide stress test showed aggregate CET1 depletion of 370 basis points across 64 banks, with the aggregate CET1 ratio falling from 15.8% to 12.1%.