Regulations
Regulatory developments, compliance updates, and policy changes in global finance.
US Federal Reserve Issues SouthPoint Written Agreement, Ends 2017 Deutsche Bank AML Order
The Federal Reserve entered a written agreement with SouthPoint Bancshares and terminated its 2017 AML-related cease and desist order against Deutsche Bank.
US OCC Publishes August 2026 Enforcement Actions, Terminates First National Bank of Pasco Agreement
The OCC released its August 2026 enforcement actions, including termination of a formal agreement with First National Bank of Pasco in Florida.
India's RBI Fines IndusInd Bank INR 59.20 Lakh for Deposit-Rate and Securitisation Breaches
The RBI penalised IndusInd Bank INR 59.20 lakh for breaches of deposit-rate and securitisation directions, part of a batch of actions that also fined three NBFCs.
India's RBI Imposes INR 4.3 Lakh Penalty on Punjab National Bank Over Currency Chest Rules
The Reserve Bank of India fined Punjab National Bank around INR 4.3 lakh for non-compliance with directions on currency chest operations after a statutory inspection.
US FinCEN Imposes Historic USD 125 Million Penalty on UBS Financial Services for AML Failures
FinCEN imposed a USD 125 million civil money penalty on UBS Financial Services for willful Bank Secrecy Act violations covering January 2019 through June 2023.
Germany's BaFin Orders NordLB to Remediate AML Customer-Data Backlog
BaFin has published a legally binding order requiring NordLB to submit and implement a customer-data-updating concept after finding significant AML due-diligence deficiencies.
FINRA Fines UBS Financial Services USD 20 Million for Repeated Foreign Currency Wire AML Failures
FINRA fined UBS Financial Services USD 20 million after finding more than 60,000 foreign currency wires totalling over USD 10 billion were not reasonably monitored.
US Federal Reserve Signs Written Agreement With Illinois Community Bank Iuka State Bank
The Federal Reserve executed a written agreement dated 15 July with Iuka Bancshares and The Iuka State Bank of Salem, Illinois, one of several summer 2026 community-bank actions.
Central Bank of Nigeria Discloses N430 Million in Fines on Banks for Complaints-Handling Failures
The CBN 2025 Annual Report disclosed N430 million in fines across 21 institutions for delays in resolving customer complaints, plus N1.26 billion in other penalties.
UK Prudential Regulation Authority Fines HDI Global SE GBP 4.165 Million for Inaccurate FSCS Reporting
The PRA fined HDI Global SE GBP 4.165 million over multiple inaccurate Financial Services Compensation Scheme submissions between 2021 and 2024.
US OCC Issues Cease-and-Desist Order Against Dallas's United Texas Bank Over BSA/AML Deficiencies
The OCC issued a cease-and-desist order against United Texas Bank for BSA/AML deficiencies and barred a former JPMorgan Chase employee over roughly USD 120,000 in ATM theft.
EBA Publishes Final Guidelines on Authorisation of Third-Country Branches Under CRD VI
The European Banking Authority has published final guidelines on the authorisation of third-country branches under CRD VI, harmonising rules across the EU.