Regulations
Regulatory developments, compliance updates, and policy changes in global finance.
RBI Levies 353 Penalties Totalling ₹54.78 Crore on Regulated Entities in FY2024-25
The Reserve Bank of India imposed 353 monetary penalties totalling ₹54.78 crore on regulated entities in FY2024-25, with cooperative banks accounting for the largest share of individual fines.
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.
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 AED 200 Million Fine on Exchange House for AML Failures
The CBUAE imposed an 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, finding its protective security analyses deficient between July 2022 and January 2024.
CFPB Withdraws 2024 BNPL Interpretive Rule Classifying Buy Now Pay Later as Credit Cards
The CFPB has formally withdrawn its May 2024 interpretive rule that classified BNPL products as credit cards under the Truth in Lending Act.
People's Bank of China Issues New Data Security Measures for Financial Institutions, Effective June 2025
The PBoC published new data security measures, dated 1 May 2025, on 9 May, taking effect on 30 June, covering all entities conducting PBoC-regulated activities including payment firms.
RBI fines State Bank of India ₹1.72 crore over lending, customer-protection and current-account lapses
The Reserve Bank of India penalised SBI for extending a bridge loan against government subsidy receivables, delays in reversing unauthorised electronic transactions and breaches of current-account rules.
ECB SSM Reports 19% Rise in Enforcement Proceedings and €27.9 Million in Fines for 2024
Competent authorities in the ECB-led Single Supervisory Mechanism opened 293 new proceedings in 2024, with total formal proceedings rising 19% to 441 and pecuniary penalties reaching €27.9 million.