Inside
· AML Regulatory Updates
· AML Regulatory Findings & Fines
· Monthly Sanctions Update
· Achieve Flawless Compliance
AML Regulatory Updates
Below are the major global AML regulatory updates from April 2025.
- US: Court orders pause for southwest border geographic targeting order (28 April) Read More
- UK: SFO sets out route for businesses to avoid prosecution (24 April) Read More
- UK: LSAG issues Anti-money laundering guidance for the legal sector (23 April) Read More
- India: Binance Announces KYC re-verification for Indian users (19 April) Read More
- Kenya Passes Revised Anti-Money Laundering Law After Grey Listing (16 April) Read More
- US: FinCEN to eliminate ‘redundant’ Bank Secrecy Act civil penalty rule (15 April) Read More, US Treasury
- South Korea: New Sanctions Mechanisms on Unfair Trading and Illegal Short Sale Activities to Take Effect from April 23 (14 April) Read More
- US: FinCEN Renews Residential Real Estate Geographic Targeting Orders (14 April) Read More
- US: Terrorist Financing Targeting Center Designates Al-Shabaab Networks in Somalia (14 April) Read More
- Hong Kong: HKMA publishes circular on Strengthening the response to fraud and money laundering (10 April) Read More
- US: FinCEN Issues Analysis of Fentanyl-Related Threat Patterns and Trends in Bank Secrecy Act Reports (9 April) Read More
- US: Justice Dept disbands crypto enforcement team, citing Trump order (9 April) Read More
- Singapore: MAS publishes Consultation Paper on the Proposed Amendments to Anti-Money Laundering and Countering the Financing of Terrorism Notices for Financial Institutions and Variable Capital Companies (8 April) Read More
- India: Govt works to bring online gaming firms under PMLA fold (8 April) Read More
- UK: Companies House starts to verify identities (8 April) Read More
- Jamaica struggles to tackle money laundering amid corruption, resource shortfalls: US report (5 April) Read More
- Saudi Arabia: Saudi Arabia Implements Beneficial Ownership Rules to Strengthen AML Compliance (2 April) Read More
- UK: OFSI publishes Legal Services Threat Assessment Report highlighting key evasion threats and red flags related to UK financial sanctions (1 April) Read More
- US: FinCEN Issues Advisory on the Financing of ISIS (1 April) Read More
AML Regulatory Findings & Fines
Below are the major AML findings & fines imposed by regulators in April 2025.
- Italy: EPPO seizes assets in investigation into EU funding fraud involving ceramic production (30 April) Read More
- US: Former Monmouth County Resident Sentenced to 16 Years in Prison for Role in Fraudulently Obtaining Over $3.7 Million in Cares Act Loans (29 April) Read More
- US: Two California Men Sentenced to Prison Terms for Conspiring to Launder the Proceeds of a Fraud from a Resident of New Jersey (29 April) Read More
- US: Miami Man Sentenced to 15 Years in Prison for Leading Payment Protection Program Fraud Scheme (29 April) Read More
- US: Treasury Targets Vessels Delivering Oil Derivatives to the Houthis (28 April) Read More
- South Africa: Prudential Authority imposes administrative sanctions on Absa Bank Limited (25 April) Read More
- US: FINRA fines TradeUP Securities, Inc. and US Tiger Securities, Inc. for AML violations (25 April) Read More
- US: Ex-Congressman George Santos Sentenced to 87 Months in Prison for Wire Fraud and Aggravated Identity Theft (25 April) Read More
- US: Michigan Man Sentenced in Maryland to Five Years in Federal Prison for Tax-Refund Money Laundering Scheme (25 April) Read More
- US: Windham Man Sentenced to 36 Months in Federal Prison for Scheme to Defraud the United Way of Massachusetts Bay and Merrimack Valley (25 April) Read More
- US: Federal Grand Jury in Louisville Indicts 7 Foreign Nationals For Money Laundering and Firearms Offenses (25 April) Read More
- US: Former Owner Of York Pain Management Practice Sentenced To 42 Months For Health Care Fraud, Money Laundering, And Theft Of Public Money (24 April) Read More
- US: Founder and Former CEO of Biscayne Capital Sentenced to 10 Years in Prison for $130 Million Dollar Fraud Scheme (24 April) Read More
- US: Olive Branch Woman Sentenced to Five Years and Ordered to Pay Millions after PPP Fraud Scheme (24 April) Read More
- US: Man Who Defrauded Investors With Sham Technology Company Found Guilty Of Wire Fraud And Money Laundering (24 April) Read More
- US: Former Detroit Riverfront Conservancy Chief Financial Officer Sentenced for Embezzling over $40 Million from the Conservancy (24 April) Read More
- US: FINRA fines Kimberly G. Sorrow for fraudulent activities (24 April) Read More
- US: SEC Wins Summary Judgment Against Repeat Securities Law Violator Based on His Fraudulent Securities Offering (24 April) Read More
- EU: EPPO seizes €20 million from criminal gang dedicated to VAT fraud (23 April) Read More
- Germany: AKBANK AG: BaFin orders the remediation of shortcomings, increases own funds requirements, appoints a special commissioner and imposes administrative fines (25 April) Read More
- US: NCUA issues Order of Prohibition against Amber Grabill for fraudulent activities (23 April) Read More
- US: Long Island Man Sentenced To 18 Years In Prison Following Conviction At Trial For Defrauding Cryptocurrency Investors And Others Of More Than $12 Million (23 April) Read More
- US: Two Men Responsible For Running Hawala Scheme Involving More Than $65 Million Sentenced To Three Years In Prison (23 April) Read More
- US: Chinese Nationals Sentenced to Federal Prison for Participating in a Fraudulent Gift Card Conspiracy Involving the Purchase and Export of Apple Products to China (22 April) Read More
- US: Treasury Targets Iranian Liquified Petroleum Gas Magnate (22 April) Read More
- US: FINRA fines SpeedRoute LLC for failure to comply with BSA regulations (22 April) Read More
- US: MGM agrees to $8.5 million fine for lapses involving illegal bookmakers in casinos (19 April) Read More
- US: Los Angeles Man Sentenced for Money Laundering (18 April) Read More
- US: California Man Sentenced to 38 Months in Federal Prison for Conspiracy to Commit Money Laundering (18 April) Read More
- Germany: UmweltBank AG: BaFin imposes administrative fines (17 April) Read More
- US: SEC Obtains Final Judgment Against So-Called Market Maker Based in the United Arab Emirates (17 April) Read More
- US: OCC issues an order of prohibition against Alhassan Abubakar, former Associate Banker at a New York, New York, branch of JPMorgan Chase Bank, National Association, Columbus, Ohio for fraudulent activities (17 April) Read More
- US: OCC issues an order of prohibition against Nick Zatikian, former Associate Banker at a Tujunga, California, branch of JPMorgan Chase Bank, National Association, Columbus, Ohio, for embezzlement (17 April) Read More
- Peru: Peru’s ex-president and first lady sentenced to 15 years in prison (16 April) Read More
- France: EPPO carries out searches and arrests seven people in probe into VAT fraud involving luxury cars (15 April) Read More
- US: FINRA fines Sonenshine & Company LLC for failure to comply with BSA regulations (15 April) Read More
- US: Treasury Sanctions Leaders of La Nueva Familia Michoacana Drug Cartel (15 April) Read More
- Abu Dhabi: ADGM’s RA Imposes Fines of USD 3.6 Million on Special Purpose Vehicle AC Holding and Christopher Flinos, Bans Him as a Director (14 April) Read More
- Abu Dhabi: ADGM’s FSRA Imposes Fines of USD 8.85 Million on “HAYVN” Group, Cancels Licence of AC Limited (Hayvn ADGM) and Bans Founder Christopher Flinos (14 April) Read More
- EU: EPPO secures another conviction in €100 million VAT fraud involving Voice over IP (14 April) Read More
- US: Lee County Woman Sentenced To Ten Years In Federal Prison For Wire Fraud And Money Laundering (14 April) Read More
- Germany: Members of criminal organisation convicted for €24 million VAT fraud involving simulated export of cars (11 April) Read More
- US: New York man sentenced to prison for money laundering crimes related to nearly half million dollars stolen from local business through computer malware (11 April) Read More
- US: Two members of a transnational money laundering organization sentenced for laundering millions of dollars in drug proceeds (11 April) Read More
- US: Leader of Detroit Gang Sentenced to 20 Years in Prison for Drug Trafficking Conspiracy and Money Laundering (11 April) Read More
- US: Two Members of a Transnational Money Laundering Organization Sentenced for Laundering Millions of Dollars in Drug Proceeds (11 April) Read More
- US: Founder and Top Executive for Fresno-Based Business American Labor Alliance Receive Multi-Year Prison Sentences Following Fraud Trial (11 April) Read More
- US: SEC Obtains Judgment Against Leader of Scheme to Spread and Trade on False Rumors (11 April) Read More
- EU: OLAF and EPPO jointly uncover 9.5 million fraud and money laundering scheme (10 April) Read More
- US: Cash App owner Block pays $40 million fine to New York over compliance failures (10 April) Read More, Filing
- US: Treasury Targets Network Transporting Hundreds of Millions of Dollars’ Worth of Iranian Petroleum (10 April) Read More
- Netherland: Dutch Rabobank to face court case over failure to stop money laundering (9 April) Read More
- US: Large Check Fraud Scheme Leader Sentenced to More Than Nine Years in Federal Prison (9 April) Read More
- Lithuania fines Revolut 3.5 million euros for money-laundering prevention failures (8 April) Read More
- US: Final sentence imposed in multimillion-dollar money laundering conspiracy (8 April) Read More
- US: Qualcomm Executive Convicted by Jury in $180 Million Fraud (8 April) Read More
- US: Final sentence imposed in multimillion-dollar money laundering conspiracy (8 April) Read More
- India: RBI imposes monetary penalty on Shri Ganesh Sahakari Bank Limited, Nashik, Maharashtra (7 April) Read More
- US: FINRA fines Benjamin Adams for fraudulent activities (7 April) Read More
- Malta: OKX Fined by Malta for Breaching Anti-Money Laundering Rules (4 April) Read More
- US: FINRA fines Financial Northeastern Securities, Inc. for failure to timely report transactions to the Trade Reporting and Compliance Engine (TRACE) (4 April) Read More
- US: Leader of International Ponzi Scheme Targeting Indonesian-American Community Sentenced to 18 Years in Prison (3 April) Read More
- US: New York Man Sentenced to More Than Two Years in Prison for Money Laundering Connected to Stolen Federal Funds (3 April) 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 April 2025:
Overview of Changes
1. New Entries Added: 1,404
2. Entries Removed: 129
3. Major Updates: 1,005
4. Minor Updates: 122
For detailed insights and the full list of updates, view our Reports.
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