Inside
· AML Regulatory Updates
· AML Regulatory Findings & Fines
· Monthly Sanctions Update
· KYC Live Screening
AML Regulatory Updates
Below are the major global AML regulatory updates from January 2025
- Singapore: MAS publishes Shared Responsibility Framework for Combatting Scams (31 January) Read More
- Belize Emerges as Global Leader in Anti-Money Laundering and Countering-Terrorism Efforts (23 January) Read More
- Canada: FINTRAC issues Operational Alert: Laundering the proceeds of illicit synthetic opioids (23 Jan) Read More
- US: Supreme Court removes hurdle to anti-money laundering law (23 January) Read More
- UK: FCA review finds gaps remain in brokers’ money laundering defences (23 January) Read More
- UK: FCA publishes its review of payment services and account providers’ use of the National Fraud Database and money mule account detection tools (23 January) Read More
- US: FinCEN Announces Inflation Adjustments to Bank Secrecy Act Civil Monetary Penalties (17 January) Read More
- MONEYVAL: Slovakia has made limited progress to enhance its framework against money laundering and terrorist financing (14 January) Read More
- Singapore: MAS publishes Consultation Paper on the Proposed Notice on Prevention of Money Laundering and Countering the Financing of Terrorism for Organised Market Operators Formed or Incorporated in Singapore (13 January) Read More
- Singapore: MAS publishes Notice SFA02-N05 to Approved Exchanges and Recognised Market Operators on Prevention of Money Laundering and Countering the Financing of Terrorism (13 January) Read More
- MONEYVAL: Estonia makes progress in implementing targeted financial sanctions related to terrorism and terrorist financing (13 January) Read More
- Singapore empowers police to freeze bank accounts in scam crackdown (7 January) Read More
- US: Treasury Issues Additional Sanctions Relief for Syrian People (6 January) Read More
AML Regulatory Findings & Fines
Below are the major AML findings & fines imposed by regulators in January 2025.
- INTERPOL publishes first Silver Notice targeting criminal assets (31 January) Read More
- US: FDIC publishes a Consent Order for Bank of Vici (31 January) Read More
- India: FIU-IND imposes monetary penalty of Rs. 9 crore 27 lakhs on Virtual Digital Asset Service Provider Bybit Fintech Limited (31 January) Read More
- Ecuador court doles out prison terms in $43 million Albanian mafia scheme (31 January) Read More
- Netherlands: Fine for de Volksbank N.V. for deficient anti-money laundering controls (30 January) Read More
- US: Phoenix woman sentenced to 87 months in prison for possession of a machinegun and conspiracy to commit money laundering (30 January) Read More
- UK: FCA issues first fine for transaction reporting failures under MiFIR (29 January) Read More
- US: Defendant extradited to face charges related to international bank fraud and money laundering ring that caused over $60 million in losses (29 January) Read More
- US: Passaic County man convicted of fentanyl analogue distribution and money laundering conspiracies (29 January) Read More
- France: French investigators open fraud probe against crypto platform Binance (28 January) Read More
- US: KuCoin pleads guilty, agrees to pay nearly $300 million in US crypto case (28 January) Read More
- US: Colombian customs official pleads guilty in money laundering case tied to DEA misconduct (28 January) Read More
- India: RBI imposes monetary penalty on Marketyard Commercial Cooperative Bank Limited, Unjha, Dist. Mehsana, Gujarat (27 January) Read More
- India: RBI imposes monetary penalty on The Kheralu Nagrik Sahakari Bank Limited, Dist. Mehsana, Gujarat (27 January) Read More
- EU: Criminals operating an illegal financial service to launder millions of euros busted (27 January) Read More
- US: Owners of Florida labor-staffing companies sentenced for tax and immigration fraud and money laundering (27 January) Read More
- US: Two Lancaster men sentenced on money laundering offenses (27 January) Read More
- Dubai: DFSA decision to fine Al Ramz Capital LLC for failure to report suspicious transactions referred to the Financial Markets Tribunal (24 January) Read More
- US: SEC Charges AI Startup CEO and His Wife with Elaborate $60 Million Fraud Involving Fake Financial Documents and Forged Audit Reports (24 January) Read More
- US: Twenty-two locals arrested in multicount money laundering and narcotics indictments (24 January) Read More
- Vietnam: Police announce dismantling of $1.2bn money laundering ring (23 January) Read More
- France: The AMF Enforcement Committee fines Pharnext and its former directors a total of €800,000 (23 January) Read More
- US: Federal jury finds Hopkinsville, Kentucky man guilty of methamphetamine and fentanyl distribution conspiracy and money laundering (23 January) Read More
- Swiss banker faces trial in France for tax fraud (22 January) Read More
- US: London man pleads guilty to money laundering conspiracy involving COVID relief loans (22 January) Read More
- US: SEC Charges Technical Consultant with Insider Trading (22 January) Read More
- US: Dubai-Based Wall Street Exchange Agrees to Pay More Than $9.2 Million to Resolve Bank Fraud Investigation (22 January) Read More
- US: Utica man sentenced to 96 months on drug and money laundering convictions (18 January) Read More
- India: RBI imposes monetary penalty on Mukkuperi Co-operative Urban Bank Limited, Tamil Nadu (17 January) Read More
- US: SEC Charges LPL Financial with Anti-Money Laundering Violations (17 January) Read More
- US: SEC Charges Pennsylvania Investment Adviser Scott Mason With Misappropriating More Than $20 Million from Advisory Clients (17 January) Read More
- US: Haas Automation, Inc. Settles with OFAC for $1,044,781 for Apparent Violations of the Ukraine-/Russia-related Sanctions Regulations (17 January) Read More
- US: Oakland money services business owner sentenced to one year in prison for conspiracy to commit money laundering (17 January) Read More
- US: Two money couriers for Colombian-based drug money laundering organization convicted by federal jury (17 January) Read More
- US: Former Finance Minister of Mozambique Sentenced in $2B Fraud and Money Laundering Scheme (17 January) Read More
- US: Lead Defendants of Prolific Human Smuggling and Money Laundering Network Sentenced in Joint Task Force Alpha Investigation (17 January) Read More
- US: Treasury Sanctions Destabilizing Actors and Financial Enablers in Republika Srpska (17 January) Read More
- US: Treasury Sanctions Company Associated with Salt Typhoon and Hacker Associated with Treasury Compromise (17 January) Read More
- South Korea: South Korea’s Upbit Exchange Faces Business Suspension Over AML Violations (16 January) Read More
- India: RBI imposes monetary penalty on Parbhani District Central Co-operative Bank Ltd., Parbhani, Maharashtra (16 January) Read More
- Hungary: MNB fines OTP and MBH Banks for AML compliance failures (16 January) Read More
- US: Treasury Targets IT Worker Network Generating Revenue for DPRK Weapons Programs (16 January) Read More
- US: Treasury Sanctions Leader of Sudanese Armed Forces and Weapons Supplier (16 January) Read More
- US: OCC issues Cease and Desist Order against Bank of America, N.A., Charlotte, North Carolina (16 January) Read More
- US: Miami-Based Real Estate Broker Pleads Guilty to Conspiracy to Violate Russia-Ukraine Sanctions and to Commit Money Laundering (16 January) Read More
- US: Family International Realty LLC and its Owner Settle with OFAC for $1,076,923 Related to Apparent Violations of Ukraine-/Russia-Related Sanctions (16 January) Read More
- US: State Regulators Issue $80 Million Penalty to Block, Inc., Cash App for BSA/AML Violations (15 January) Read More
- US: Global Cryptocurrency Exchange BitMEX Fined $100 Million For Violating Bank Secrecy Act (15 January) Read More
- US: Treasury Disrupts Russia’s Sanctions Evasion Schemes (15 January) Read More
- US: Connecticut man sentenced to prison for fraud and money laundering (15 January) Read More
- US: Three Individuals Sentenced For Participating In An International Mail And Wire Fraud Conspiracy (15 January) Read More
- Dubai: DFSA and Authorised Firm impersonated in scam (14 January) Read More
- US: SEC Charges Advisory Firm Navy Capital With Misrepresenting Its Anti-Money Laundering Procedures to Investors (14 January) Read More
- US: SEC Obtains Final Judgments Against Seven Defendants in Insider Trading Case (14 January) Read More
- US: Four Indicted In Conspiracy To Commit Bank Fraud And Money Laundering Schemes Involving More Than $128 Million In Criminal Proceeds (14 January) Read More
- US: Franklin Certified Public Accountant indicted on wire fraud, money laundering and tax fraud charges (14 January) Read More
- Singapore: Civil Penalty Action Taken against Gui Boon Sui for False Trading and Unauthorised Trading (13 January) Read More
- India: RBI imposes monetary penalty on Virudhunagar Co-operative Urban Bank Limited, Virudhunagar, Tamil Nadu (13 January) Read More
- India: RBI imposes monetary penalty on The Tamilnadu Circle Postal Co-operative Bank Limited, Tamil Nadu (13 January) Read More
- India: RBI imposes monetary penalty on The Cordite Factory Co-operative Bank Ltd., Aravankadu, Nilgiris, Tamil Nadu (13 January) Read More
- India: RBI imposes monetary penalty on The Arcot Co-operative Urban Bank Limited, Tamil Nadu (13 January) Read More
- India: RBI imposes monetary penalty on The Kamaraj Co-operative Town Bank Limited, Tamil Nadu (13 January) Read More
- France: The AMF Enforcement Committee fines a US investment fund and its director a total of €10 million for price manipulation during an initial public offering on the Nasdaq (13 January) Read More
- US: Two Robinhood Broker-Dealers to Pay $45 Million in Combined Penalties for Violating More Than 10 Separate Securities Law Provisions (13 January) Read More
- US: SEC Charges Former Public Company Officer and His Sister-In-Law with Insider Trading (13 January) Read More
- UK: FCA fines Arian Financial LLP £288,962.53 for failings relating to cum-ex trading (10 January) Read More
- US: Justice Department secures civil forfeiture of over $20m in foreign bribery and money laundering proceeds from Venezuelan bribery scheme (10 January) Read More
- US: Treasury Intensifies Sanctions Against Russia by Targeting Russia’s Oil Production and Exports (10 January) Read More
- India: RBI imposes monetary penalty on The Sivakasi Co-operative Urban Bank Limited, Tamil Nadu (9 January) Read More
- India: RBI imposes monetary penalty on Batlagundu Co-operative Urban Bank Limited, Dindigul, Tamil Nadu (9 January) Read More
- India: RBI imposes monetary penalty on Belgaum District Revenue Employees’ Co-operative Bank Limited, Belgaum, Karnataka (9 January) Read More
- UK: Greentube Alderney Limited to pay £1m for regulatory failures (9 January) Read More
- US: Georgia man sentenced to 17.5 years in prison for drug and money laundering violations (8 January) Read More
- Portugal: Novo Banco Fires Risk Officer on ‘Suspicious’ Transactions (7 January) Read More
- US: Treasury Sanctions Corrupt Hungarian Official (7 January) Read More
- US: SEC Obtains Final Judgments Against Former Pfizer Statistician Amit Dagar and His Friend and Business Partner Atul Bhiwapurkar Who Both Traded Ahead of COVID-19 Treatment Announcement (6 January) Read More
- US: Associate Of Miles Guo, Yvette Wang, Sentenced To 10 Years In Prison For Her Role In An Over $1 Billion Dollar Fraud Conspiracy (6 January) Read More
- US: Treasury Sanctions Technology Company for Support to Malicious Cyber Group (3 January) Read More
- US: SEC Obtains Final Judgments Against Five Defendants in Insider Trading Case (3 January) Read More
Monthly Sanctions Update
In our continuous effort to keep you informed and ahead in navigating the complex landscape of global sanctions, we’re bringing you the latest comprehensive update. Here’s a quick summary of the significant changes that have taken place in January 2025:
Overview of Changes
1. New Entries Added: 2,248
2. Entries Removed: 199
3. Major Updates: 391
4. Minor Updates: 60
For detailed insights and the full list of updates, view our Reports.
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