Regulations
Regulatory developments, compliance updates, and policy changes in global finance.
Nigeria's Central Bank Mandates Automated AML Systems for All Banks and Payment Institutions Within 24 Months
The Central Bank of Nigeria has ordered all deposit money banks, fintechs, and money-transfer operators to deploy real-time automated AML systems within 18 to 24 months of a March 2026 directive.
Federal Reserve Terminates 2018 Consent Order Against Wells Fargo After Nearly a Decade of Remediation
The Federal Reserve has terminated its 2018 consent order against Wells Fargo, concluding nearly a decade of oversight after independent reviews confirmed sustained governance and risk improvements.
FINMA Orders Liquidation of MBaer Merchant Bank After Sanctions Breaches and AML Failures
Switzerland's FINMA has ordered the liquidation of MBaer Merchant Bank AG after finding that 80% of client relationships carried elevated risks and the bank violated Iran and Russia sanctions.
ECB Fines J.P. Morgan SE €12.18 Million for Multi-Year Risk-Weighted Asset Misreporting
The ECB imposed two penalties totalling €12.18m on J.P. Morgan SE for misclassifying corporate exposures for 15 quarters and miscalculating CVA risk for 21 quarters.
RBI Fines CSB Bank ₹63.60 Lakh for Business Correspondent and Customer Service Violations
The RBI imposed a ₹63.60 lakh penalty on CSB Bank for using business correspondents beyond permitted scope and levying undisclosed savings account charges.
RBI Imposes ₹29.60 Lakh Penalty on DCB Bank for Gold Loan LTV Ratio Violations
India's RBI has penalised DCB Bank ₹29.60 lakh for failing to maintain prescribed loan-to-value ratios in non-agricultural gold loan accounts, following an ISE 2025 inspection.
ECB SSM Fines J.P. Morgan SE €12.18 Million in Two Separate Reporting Violation Penalties
The ECB's Single Supervisory Mechanism imposed two fines totalling €12.18 million on J.P. Morgan SE on 10 February 2026 for regulatory reporting violations, both appealable before the EU's top court.
CBE Fines Crédit Agricole Egypt EGP 2.1 Billion for MSME Lending Shortfall
The Central Bank of Egypt imposed an EGP 2.1bn fine on Crédit Agricole Egypt for failing to meet the mandatory 25% MSME lending requirement until May 2025.
ECB Imposes €7.55 Million Periodic Penalty on Crédit Agricole S.A. for Non-Compliance with Supervisory Decisions
The European Central Bank levied €7,551,050 in periodic penalty payments on Crédit Agricole S.A. on 3 February 2026 for failure to comply with ECB supervisory decisions on prudential requirements.
ECB Banking Supervision Fines Nordea Finance Finland €2.26 Million for Large Exposures and Reporting Violations
The ECB's banking supervision arm imposed a €2.26 million penalty on Nordea Finance Finland Ltd on 29 January 2026 for large exposures and reporting violations.
Italy Enacts Criminal Sanctions for EU Sanctions Violations, Raising Corporate Fines to 5% of Global Turnover
Italy's Legislative Decree No. 211/2025 entered into force on 24 January 2026, criminalising intentional EU sanctions breaches and raising maximum corporate fines to 5% of global turnover.
Indonesia's OJK Issues Regulation 23/2025 to Strengthen Crypto Derivatives Oversight
Indonesia's OJK has issued Regulation No. 23 of 2025, classifying crypto derivatives as regulated instruments and introducing a regulatory sandbox for digital asset trading operators.