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 March 2025.
- Australia: Changes to tipping off offence in effect from today (31 March) Read More, Guide
- Australia: AUSTRAC puts crypto ATM providers on notice (31 March) Read More
- US: FinCEN Issues Alert on Bulk Cash Smuggling and Repatriation by Mexico-based Transnational Criminal Organizations (31 March) Read More
- U.S. Department of the Treasury Announces Publication of Interim Final Rule Removing Reporting Requirements for U.S. Companies and U.S. Persons (26 March) Treasury, FinCEN
- Singapore: AML/CFT Industry Partnership (ACIP) releases a best practice paper on Countering Proliferation Financing (25 March) Read More
- New Zealand: Financial Intelligence Unit publishes National Risk Assessment (25 March) Read More
- UK: FCA launches 5-year strategy to support growth and improve lives (25 March) Read More
- Europe: UK, France and Switzerland announce new anti-corruption alliance (20 March) Read More
- EU: Europol publishes EU Serious and Organised Crime Threat Assessment (EU-SOCTA) 2025 (18 March) Read More
- France: AMF invites financial market participants to take part in the EBA consultation on draft AML/CFT implementing standards (18 March) Read More
- UK: Financial sanctions guidance for letting agents (18 March) Read More
- US: GENIUS Act Clears Senate Banking Committee: What It Means For Stablecoins (13 March) Read More
- UK publishes Supervision Report 2023-24 report on Anti-money laundering and countering the financing of terrorism (13 March) Read More
- Brazil eyes revisiting fintech reporting rules amid money laundering concerns (11 March) Read More
- US: FinCEN Issues Southwest Border Geographic Targeting Order (11 March) Read More
- Canada: Government strengthens Canada’s anti-money laundering framework with new regulatory amendments (7 March) Read More
- EU: The EBA consults on new rules related to the anti- money laundering and countering the financing of terrorism package (6 March) Read More
- Nigeria: CBN strengthens regulatory oversight to safeguard financial system (2 March) Read More
AML Regulatory Findings & Fines
Below are the major AML findings & fines imposed by regulators in March 2025.
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- US: Treasury Sanctions Criminal Operators and Money Launderers for the Notorious Sinaloa Cartel (31 March) Read More
- India: RBI imposes monetary penalty on The Santrampur Urban Co-operative Bank Ltd., Santrampur, dist. Mahisagar, Gujarat (28 March) Read More
- India: RBI imposes monetary penalty on Porbandar Commercial Co-operative Bank Limited., Dist. Porbandar, Gujarat (28 March) Read More
- India: RBI imposes monetary penalty on The Vellore Co-operative Town Bank Ltd., Tamil Nadu (28 March) Read More
- US: SEC Obtains Final Judgment Against Latvian Citizen Charged with Crypto Asset Fraud (28 March) Read More
- US: Las Vegas Man Sentenced To Over Three Years In Prison For Unemployment Insurance Benefits Fraud And Identity Theft (28 March) Read More
- US: Victoria contractor imprisoned for defrauding investors of millions in material scheme (28 March) Read More
- US: Former Kansas City Man Pleads Guilty to Conspiracy to Commit Bank Fraud (28 March) Read More
- US: Ponce Man and Local Business Indicted for Bank Fraud (28 March) Read More
- US: Treasury Targets Hizballah Finance Team Sanctions Evasion Network (28 March) Read More
- India: RBI imposes monetary penalty on The Sholinghur Co-operative Urban Bank Limited, Vellore, Tamil Nadu (27 March) Read More
- UK: Football Pools Limited faces £375,000 regulatory action for AML failures (27 March) Read More
- US: SEC Announces Dismissal of Civil Enforcement Action Against Cumberland (27 March) Read More
- US: SEC Announces Dismissal of Civil Enforcement Action Against Kraken (27 March) Read More
- US: SEC Announces Dismissal of Civil Enforcement Action Against Consensys Software Inc. (27 March) Read More
- US: Justice Department Secures Forfeiture of Over $5M of Funds Traceable to Business Email Compromise Scheme Targeting Massachusetts Workers Union (26 March) Read More
- UK: Man jailed for drug dealing and money laundering (25 March) Read More
- Singapore: Singapore’s luxury car sales plummet after money-laundering scandal (24 March) Read More
- US: FINRA issues letter of Acceptance, Waiver and Consent for failure to report TRACE-eligible transactions and failed to establish and maintain a reasonable supervisory system related to TRACE reporting (24 March) Read More
- UK: Moldovan businessman Platon denied bail in UK ahead of extradition fight (21 March) Read More
- US scraps sanctions on Tornado Cash, crypto ‘mixer’ accused of laundering North Korea money (21 March) Read More, Treasury
- Singapore: MAS issues Prohibition Order against Mr Lim Kok Tiong Danny for Forgery and Cheating Offences (21 March) Read More
- US: FINRA issues letter of Acceptance, Waiver and Consent against Tigress Financial Partners, LLC for failure to develop and implement a reasonable AML program (20 March) Read More
- US: SEC Obtains Final Judgment Against North Carolina Man and Entities He Controlled in Offering Fraud Scheme (20 March) Read More
- US: SEC Obtains Final Judgment Against Massachusetts Resident in Multi-Million Dollar Securities Fraud (20 March) Read More
- US: OCC issues order terminating the Cease and Desist Order against ICICI Bank Limited, New York, New York, dated October 3, 2022 for violations of law and regulation related to the branch’s Bank Secrecy Act/Anti-Money Laundering compliance program (20 March) Read More
- UK: £686,070 fine for Corbett Bookmakers Limited for AML failings (20 March) Read More
- UK: UK fines law firm Herbert Smith Freehills’s unit for Russia sanctions breach (20 March) Read More
- France: The AMF Enforcement Committee clears three individuals and one legal entity for insider dealing breaches (20 March) Read More
- US: Treasury Sanctions Network Supporting Iran’s Oil Exports (20 March) Read More
- HK: Ex-Hong Kong hospital chairman acquitted of laundering cash in gold trading scam (19 March) Read More
- Switzerland: Former Credit Suisse executive fined over Mozambique case (19 March) Read More
- UK: Former Russia-appointed governor in Crimea on trial for breaching UK sanctions (18 March) Read More
- HK: Hong Kong anti-corruption agency arrests 22 people over HK$2 million mortgage fee fraud (18 March) Read More
- US: OFAC ALERT – International Cartels Designated as Foreign Terrorist Organizations and Specially Designated Global Terrorists (18 March) Read More
- UK: FCA declines Zeux Limited’s crypto registration citing significant risk of harm (17 March) Read More
- US: FINRA issues AWCs to Northern Trust Securities, Inc. for failure to report its commissions for certain transactions in TRACE-eligible securities (17 March) Read More
- US: SEC Obtains Final Judgment Against Texas Oil and Gas Promotor and His Companies in Offering Fraud Scheme (17 March) Read More
- US: SEC Charges Foreign Traders in International Insider Trading Scheme (14 March) Read More
- US: SEC Files Settled Fraud Charges against Massachusetts Resident (14 March) Read More
- India: At U.S. request, India arrests cryptocurrency exchange Garantex administrator accused of money laundering (13 March) Read More
- Luxembourg: CSSF issues €27,000 administrative fine on Intercorp for AML compliance failure (13 March) Read More
- Spain: ING Spain penalised EUR 3.91 mln for AML compliance failure (13 March) Read More
- US: Treasury Sanctions Iranian Oil Minister, Shadow Fleet Operators (13 March) Read More
- UK: Simpson Thacher fined £362,000 over anti-money laundering failures (12 March) Read More
- US: Treasury Sanctions Swedish Gang and Leader Serving Iranian Regime (12 March) Read More
- US: Cryptocurrency Founder And CEO Convicted Of Wire Fraud And Money Laundering In Connection With Marketing And Sale Of AML Bitcoin (12 March) Read More
- US: FINRA issues AWCs to Sanctuary Securities, Inc. for failure to develop and implement a reasonably designed AML program (11 March) Read More
- US: NCUA issues a Notice of Prohibition against Jalen Craig McMillan, former employee of Navy Federal Credit Union (11 March) Read More
- US: NCUA issues a Notice of Prohibition against Jovan Eric Bell, former employee of Navy Federal Credit Union (11 March) Read More
- US: SEC Charges Former Biopharmaceutical Company Vice President with Insider Trading (10 March) Read More
- UK: Four sentenced over £200m money laundering plot (8 March) Read More
- India: RBI imposes monetary penalty on Sri Basaveshwar Sahakar Bank Niyamitha, Gulbarga, Karnataka (6 March) Read More
- US: FINRA issues AWCs to Robinhood for multiple lapses including failure to establish reasonable AML Program and CIP (6 March) Read More
- US: FINRA issues AWCs to Redbridge Securities LLC for failure to develop and implement a reasonable AML program (6 March) Read More
- US: SEC Obtains Final Judgment Against Pennsylvania Man for His Fraudulent “Free-Riding” Scheme (6 March) Read More
- US: Treasury Sanctions China-based Hacker Involved in the Compromise of Sensitive U.S. Victim Networks (5 March) Read More
- US: Treasury Targets Houthi Leaders Involved in Smuggling and Procuring Weapons (5 March) Read More
- US: Treasury Sanctions Head of Online Darknet Marketplace Tied to Fentanyl Sales (4 March) Read More
- US: FINRA issues AWCs to Network 1 Financial Securities Inc. and an individual for developing and implementing an AML program that was not reasonably designed to achieve compliance with the Bank Secrecy Act (4 March) Read More
- US: SEC Obtains Final Judgment Against Relief Defendant in Offering Fraud Scheme (4 March) Read More
- UK: AG Communications Limited to pay £1.4m for regulatory failures (4 March) Read More
- UK: FCA bans former Credit Suisse executives following US criminal convictions (4 March) 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 March 2025:
Overview of Changes
1. New Entries Added: 6,812
2. Entries Removed: 50
3. Major Updates: 2,151
4. Minor Updates: 56
For detailed insights and the full list of updates, view our Reports.
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