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 February 2025.
- US: FinCEN Not Issuing Fines or Penalties in Connection with Beneficial Ownership Information Reporting Deadlines (27 February) Read More
- Financial Action Task Force Identifies Jurisdictions with Anti-Money Laundering, Combating the Financing of Terrorism, and Counter-Proliferation Finance Deficiencies (26 February) Read More
- US: FinCEN Reminds Financial Institutions to Remain Vigilant Regarding Potential Relationship Investment Scams (26 February) Read More
- FATF updates Standards and consults on guidance to better promote financial inclusion (25 February) Read More
- EU: Three years of Russia’s full-scale invasion and war of aggression against Ukraine: EU adopts its 16th package of economic and individual measures (24 February) Read More
- UK announces largest sanctions package against Russia since 2022 (24 February) Read More
- FATF: Nigeria moves closer to exiting FATF grey list as 5th progress report gets approval (24 February) Read More
- FATF: Philippines welcomes removal from global money laundering ‘grey list’ (22 February) Read More
- INTERPOL and African Development Bank to cooperate on combating financial crime and corruption (20 February) Read More
- Dubai: DFSA cautions – DFSA’s Public Register cloned (11 February) Read More
- Dubai: The DFSA Publishes Thematic Review on Targeted Financial Sanctions Compliance in the Insurance Sector (11 February) Read More
- US: Pausing Foreign Corrupt Practices Act Enforcement to Further American Economic and National Security (10 February) Read More
- Canada: Manitoba Government Cracks Down on Money Laundering (3 February) Read More
AML Regulatory Findings & Fines
Below are the major AML findings & fines imposed by regulators in February 2025.
- UK: Olumide Osunkoya sentenced to 4 years for illegally operating crypto ATM network (28 February) Read More
- UK: FCA charges two individuals with multiple fraud charges (28 February) Read More
- US: FDIC issues Consent order against FFB Bank, Fresno, California (28 February) Read More
- Switzerland: The Office of the Attorney General of Switzerland closes its investigation into Morgan Stanley (Switzerland) GmbH with a summary penalty order (27 February) Read More
- US: British National Indicted in Organized Multi-state Fraud and Money Laundering Scheme (27 February) Read More
- US: New York Man Admits Role in Bank Fraud Conspiracy Targeting Banks in Ten States (27 February) Read More
- US: Minneapolis Non-Profit Executive and Business Consultant Pleads Guilty in $6 Million Fraud Scheme (27 February) Read More
- US: Montana man convicted in cryptocurrency money laundering conspiracy (27 February) Read More
- US: New York Man Who Ran Multi-Million-Dollar Cryptocurrency Investment Scheme Found Guilty Of Wire Fraud And Money Laundering (27 February) Read More
- US: Former federal officer guilty of money laundering (27 February) Read More
- US: Citrus Heights Woman Pleads Guilty to Participation in $1 Million Unemployment Insurance Benefits Fraud Scheme (27 February) Read More
- US: Former Bank Employee Pleads Guilty to Role in International Money Laundering Conspiracy (27 February) Read More
- Brazil: Brazilian Cop-Turned-Banker Arrested in Major Money Laundering Bust (26 February) Read More
- Singapore: MAS imposes Civil Penalty Actions Taken Against Five Individuals for False and Unauthorised Trading (26 February) Read More
- US: FINRA issued AWC against Young America Capital LLC for failure to develop and implement a written anti-money laundering program (26 February) Read More
- US: SEC Granted Partial Summary Judgment and Obtains Final Judgment Against Founder of Blockchain Marketplace Company for Unregistered and Misleading ICO (26 February) Read More
- US: Shelbyville woman pleads guilty to employment tax and wire fraud charges (26 February) Read More
- US: Federal grand jury indicts four men for wire fraud, wire fraud conspiracy, and aggravated identity theft (26 February) Read More
- Canada: FINTRAC imposes administrative monetary penalty on MSBG International Holdings Ltd. (25 February) Read More
- US: FINRA issued AWC against MarketAxess Corporation for inaccurate transaction reporting (25 February) Read More
- US: The SCA Imposes AED 1.15 Million Fines on Non-Compliant Companies to Enhance Financial Market Integrity (25 February) Read More
- US: SEC Obtains Final Judgments Against Robert Allen Stanford and Seven Other Defendants in Massive Ponzi Scheme (24 February) Read More
- US: Northwest Arkansas man sentenced to more than 4 years in prison for operating an illegal money transmitting business using pandemic funds (24 February) Read More
- Vietnam: Police bust $78.5M cross-border money-laundering ring (25 February) Read More
- US: Brazilian Extradited from Switzerland to the United States to Face Indictment Charging Involvement in $290M+ Cryptocurrency Fraud Scheme (21 February) Read More
- US: Seventeen defendants sentenced to prison in multi-state drug trafficking and money laundering conspiracy (21 February) Read More
- Spain: Russian mafia money-laundering ring broken up in Spain (20 February) Read More
- US: Michigan Man Indicted on Wire Fraud and Aggravated Identity Theft Charges (20 February) Read More
- US: OCC announces Enforcement Actions for February 2025 (20 February) Read More
- Formal Agreement with Patriot Bank, N.A., Stamford, Connecticut. Read More
- Order of Prohibition against Max M. Bender, former Operations Processor at a Cincinnati, Ohio, location of U.S. Bank, N.A., Cincinnati, Ohio. Read More
- Order of Prohibition against Jackeline Graves, former Retail Banker at a Port Arthur, Texas, branch of Woodforest National Bank, The Woodlands, Texas. Read More
- US: SEC Obtains Final Judgments Against Perpetrators of Fraudulent Mortgage Investment Scheme and Ponzi Scheme (20 February) Read More
- US: SEC Obtains Final Judgments Against Recidivist and His Companies in Offering Fraud Scheme (20 February) Read More
- UAE: Dh3.5-million fine imposed on money exchange house for violating laws (19 February) Read More
- UK: FCA fines Mako for failings relating to cum-ex trading (18 February) Read More
- India: India’s Directorate of Enforcement Seizes $190M in BitConnect Fraud Case (17 February) Read More
- Iran: Iran Busts Ring Involved In Money Laundering Activities (16 February) Read More
- Canada: FINTRAC imposes administrative monetary penalty on Argosy Securities Inc. (13 February) Read More
- India: RBI imposes monetary penalty on The Salem Urban Co-operative Bank Ltd., Tamil Nadu (13 February) Read More
- India: RBI imposes monetary penalty on The Ramanathapuram Co-operative Urban Bank Ltd., Ramanathapuram, Tamil Nadu (13 February) Read More
- India: RBI imposes monetary penalty on The Tiruppur Co-operative Urban Bank Ltd., Tamil Nadu (13 February) Read More
- UK: Barclays under investigation over money-laundering controls (13 February) Read More
- US: Head of Commercial Real Estate Investment Firm Pleads Guilty in $62.8M Investment Fraud Scheme (13 February) Read More
- US: Two Estonian Nationals Plead Guilty in $577M Cryptocurrency Fraud Scheme (13 February) Read More
- US: SEC Obtains Final Judgment Against Massachusetts Man Found Liable in Multi-Year Insider Trading Scheme (13 February) Read More
- Dubai: DFSA alerts on clarification of Regulatory Status of Kalasantro (12 February) Read More
- US: FINRA issued AWC against Stonecrest Capital Markets, Inc. for incorrect transaction reporting (12 February) Read More
- US: Ten defendants plead guilty in multimillion-dollar sports betting and money laundering scheme (12 February) Read More
- US: Bienville Parish woman sentenced to federal prison for committing wire fraud involving the CARES Act and Paycheck Protection Program (12 February) Read More
- US: SEC Obtains Final Judgment Against Trader in Stock Manipulation Scheme (11 February) Read More
- US: FINRA issued a OHO decision against James Lannazzo for evading federal currency reporting requirements (11 February) Read More
- US: Houston resident pleads guilty to laundering proceeds from $40M fraud scheme (11 February) Read More
- Albania: Tirana Mayor Arrested in €1M Corruption, Fraud Scandal (11 February) Read More
- France: AMF Enforcement Committee fines three individuals a total of €590,000 for price manipulation (10 February) Read More
- US: Two convicted in Eastern District of Texas COVID fraud scheme (10 February) Read More
- US: Federal Court Orders Florida Man to Pay Over $7.6 Million for Digital Asset Fraud (10 February) Read More
- US: Federal Court Orders New York Resident to Pay Over $1.5 Million in Digital Assets Trading Scheme (10 February) Read More
- Canada: FINTRAC imposes an administrative monetary penalty on Cash Shop #27 (2147353 Ontario Inc.)(6 February) Read More
- Dubai: Alquiwain Investment UAE Falsely Claims to be Incorporated by the DFSA (6 February) Read More
- US: FINRA issued AWC against Banyan Securities, LLC for failure to conduct independent testing of its AML program (6 February) Read More
- US: FinCEN Announces $37,000,000 Civil Money Penalty Against Brink’s Global Services USA, Inc. for Violations of the Bank Secrecy Act (6 February) Read More
- US: SEC Obtains Final Judgment Against Frank T. Poerio, Jr., For Insider Trading (6 February) Read More
- Dubai: DFSA alerts on clarification of Regulatory Status of Dernintec and Delmoosv (5 February) Read More
- US: SEC Obtains Final Judgment Against Investment Adviser Steven J. Susoeff in Connection with Fraudulent “Cherry-Picking” Scheme (5 February) Read More
- US: New York man sentenced to 84 months in prison for conspiring to engage in multimillion dollar wire fraud scheme (5 February) Read More
- US: Former Vice President and Controller of Publicly Traded Company Pleads Guilty to Insider Trading (4 February) Read More
- US: SEC Obtains Final Judgment Against Former Tech Executive for Insider Trading (4 February) Read More
- US: Florida Court Orders Brazilian Nationals to Pay Over $128 Million for Fraudulent Commodity Pool Scheme (4 February) Read More
- UK: FCA confiscates over £500,000 from convicted insider dealer (3 February) Read More
- US: NCUA issues Administrative Order: In the Matter of Kelly Jo Muzzana (3 February) Read More
- US: Former member of Congress pleads guilty to wire fraud schemes (3 February) Read More
- US: Rochester woman pleads guilty to wire fraud, money laundering in Feeding Our Future scheme (3 February) Read More
- Dubai: Ebtikar Investment Company LLC Falsely Claims to be Authorised by the DFSA (2 February) 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 February 2025:
Overview of Changes
1. New Entries Added: 910
2. Entries Removed: 57
3. Major Updates: 152
4. Minor Updates: 8
For detailed insights and the full list of updates, view our Reports.
Are high KYC screening costs and irrelevant matches slowing you down ?
Experience precision and affordability with our AI-powered checks:
Global Sanctions, PEP & Adverse Media with 90% fewer false positives.
Start with a free trial Today !
