Regulations
Regulatory developments, compliance updates, and policy changes in global finance.
Taiwan FSC fines Taishin Bank NT$6 million over misdirected collection letters and card statements
Taiwan's Financial Supervisory Commission penalised Taishin International Bank after system and printing errors affected collection letters and credit card statements for 1,447 customers.
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.
CBN fines Paystack N250 million over Zap wallet licensing breach
Nigeria's central bank penalised the Stripe-owned payments firm because its Zap app functioned as a wallet, although Paystack holds only a switching and processing licence.
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.
FSCA Fines African Bank R700,000 Over Misleading #KeFestive Social Media Campaign
South Africa's FSCA imposed a R700,000 penalty on African Bank in April 2025 for a #KeFestive campaign that misrepresented a loan as an investment, breaching the Conduct Standard for Banks.
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.
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, with mortgages its top enforcement priority alongside FCRA, FDCPA and other fraud-related violations.
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.
Central Bank of Kenya Issues Final Liquidity and Leverage Guidelines with October 2025 Deadline
The CBK has published final guidelines on the LCR, NSFR and leverage ratio, requiring compliance by 1 October 2025, as 24 banks also work on plans to reach the new KES 10bn core capital minimum.
CFPB Memo Orders 50% Cut in Supervisory Exams and De-Prioritises Fintech Enforcement
CFPB Chief Legal Officer Mark Paoletta directed a 50% reduction in supervisory exam events and rescinded all prior enforcement priorities in an internal memo dated 16 April 2025.
Access Holdings paid ₦1.21 billion in CBN and SEC penalties in 2024, annual report shows
The group's audited 2024 accounts list nine separate penalties, led by ₦718.5 million for anti-money laundering breaches, against ₦38 million paid to the CBN in 2023.