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 May 2025.
- India: RBI drafts new rules to simplify KYC for dormant bank accounts (26 May) Read More
- US: FINCEN publishes Exception to Prohibition Imposed by Section 311 of the USA PATRIOT Act against the Commercial Bank of Syria (23 May) Read More
- UK: FCA streamlines complaints data reporting requirements for firms (22 May) Read More
- Europe: EU adopts 17th sanctions package against Russia (20 May) Read More
- US: Revised corporate criminal enforcement priorities announced by the US Department of Justice (12 May) Read More
- US: Special Measure Regarding Huione Group, as a Foreign Financial Institution of Primary Money Laundering Concern (5 May) Read More
AML Regulatory Findings & Fines
Below are the major AML findings & fines imposed by regulators in May 2025.
- Australia: Casino operators under scrutiny as AUSTRAC orders compliance audits (30 May) Read More
- US: FDIC Publishes April Enforcement Actions (30 May)
- US: Louisville Couple Sentenced to Federal Prison for Fraud Conspiracy and Ordered to Pay Restitution (30 May) Read More
- US: New Orleans Man Sentenced to 5 Years of Probation for Cares Act Fraud, Money Laundering and False Tax Filing (30 May) Read More
- US: SEC Obtains Final Judgment Against Russian Defendant in $80 Million Hacking and Trading Scheme (30 May) Read More
- Canada: FINTRAC imposes Administrative monetary penalty on Crystal Currency Exchange Inc. (29 May) Read More
- UAE: CBUAE Imposes a financial sanction of 100 million on an Exchange House (29 May) Read More
- US: SEC Announces Dismissal of Civil Enforcement Action Against Binance Entities and Founder Changpeng Zhao (29 May) Read More
- US: CFTC Adds 43 Unregistered Foreign Entities to RED List (29 May) Read More
- UAE: CBUAE imposes financial sanctions of 18.1 million on two branches of foreign banks operating in the UAE (28 May) Read More
- US: Bronx Woman Sentenced To 63 Months In Prison For Laundering Over $2 Million For African Romance Scammers (28 May) Read More
- US: U.S. Attorney’s Office in Chicago Obtains Forfeiture of $214 Million in Proceeds From Alleged “Pump and Dump” Investment Fraud Scheme (28 May) Read More
- US: Kanawha County Man Sentenced to Prison for Federal Fraud Crimes (28 May) Read More
- Italy: €1.1 million seized in fraud and corruption probe involving police officer and public officials (27 May) Read More
- US: Former President of Local Oilfield Consulting Service Business Sentenced in Federal Court for Money Laundering (27 May) Read More
- India: RBI imposes monetary penalty on Murshidabad District Central Co-operative Bank Ltd., West Bengal (26 May) Read More
- UK: FCA bans former Credit Suisse vice president following US criminal conviction (23 May) Read More
- US: Santa Rosa county sisters sentenced to federal prison for embezzling over $844,000 (23 May) Read More
- US: Former Bureau of Prisons Correctional Officer Sentenced to Federal Prison for Bribery, Drug Scheme (23 May) Read More
- US: SEC Obtains Final Judgments Against Participants in Illegal Microcap Securities Offerings (23 May) Read More
- US: SEC Announces Dismissal of Three Civil Enforcement Actions and Claims in Fourth Civil Enforcement Action (23 May) Read More
- US: Two Money Couriers for Colombian-Based Drug Money Laundering Organization Sentenced (22 May) Read More
- US: Minneapolis Woman Sentenced to 51 Months in Prison for Role in Feeding Our Future $250 Million Fraud Scheme (22 May) Read More
- US: Las Vegas Man Sentenced To Three Years In Prison For Extorting, Stalking, Threatening Text Messages And Money Laundering (22 May) Read More
- US: Danvers Man Sentenced to Six Years in Prison for Money Laundering and Operating Unlicensed Money Transmitting Business (22 May) Read More
- US: SEC Obtains Final Judgments Against Two Individuals in Market Manipulation Case (22 May) Read More
- US: Mid-State Man Sentenced to 51 Months in Federal Prison for Million Dollar Investment Scheme (21 May) Read More
- US: Ohio Man Sentenced to Prison for Paycheck Protection Program Loan Fraud Totaling More Than $2M (21 May) Read More
- US: Two Convicted in St. Louis of Laundering Drug Proceeds for Sinaloa Cartel (21 May) Read More
- US: Great Falls man sentenced to 20 years in prison for drug and money laundering charges (21 May) Read More
- US: Eight Indicted in Transnational Fraud Scheme (21 May) Read More
- US: FINRA issues AWCs against Calton & Associates, Inc. for failure to report correct transaction information to RTRS and TRACE (20 May) Read More
- India: ED arrests ex-UCO Bank Chairman in connection with fraud case (19 May) Read More
- US: Terrebonne Parish Man Sentenced for Violating Federal Controlled Substances Act, Federal Gun Control Act, and Money Laundering (19 May) Read More
- US: FINRA issues AWCs against Wells Fargo Clearing Services, LLC for failure to safeguard customer information (19 May) Read More
- US: FINRA issues AWCs against MDB Capital for failure to establish and maintain a supervisory system to prevent the misuse of material non-public information (19 May) Read More
- Australia: Crypto exchange $75k out of pocket for missing reporting deadlines (16 May) Read More
- UK: TGP Europe leaves GB market following Commission investigation (16 May) Read More
- US: Former Tennessee State Representative and His Chief of Staff Convicted of Bribery and Kickback Charges (16 May) Read More
- US: Wynn agrees to settle anti-money laundering violation, pay $5.5 million fine to Nevada regulators (16 May) Read More
- Australia: AUSTRAC flags AML/CTF concerns, orders audit of Mercedes Benz Financial Services (15 May) Read More
- UK: £2m fine for online operator Spreadex Limited (15 May) Read More
- US: Bowling Green, Kentucky Man Sentenced to Federal Prison and Ordered to Pay Over $1.5 Million in Restitution for Tax Evasion and Defrauding Employer (15 May) Read More
- US: California man sentenced to 64 months in prison for online car sales scam that defrauded hundreds of victims out of more than $10 million (15 May) Read More
- Switzerland: Julius Baer told to pay $5 million for money laundering control failures, source says (14 May) Read More
- UK: FCA confiscates over £300,000 from convicted fraudsters (14 May) Read More
- US: FINRA issues AWCs against BTG Pactual US Capital, LLC for failure to establish and implement policies and procedures for its AML compliance program (14 May) Read More
- US: New York Man Sentenced To 41 Months’ Imprisonment For Wire Fraud And Money Laundering In Connection With Embezzling More Than $883,000 In Federal Feeding Program Funds (12 May) Read More
- Canada: FINTRAC imposes Administrative monetary penalty on Marouf Management Inc. (13 May) Read More
- Europe: International crackdown dismantles multimillion-euro investment scam (13 May) Read More
- France: The AMF Enforcement Committee fines three individuals and one legal entity a total of €700,000 for insider dealing breaches (13 May) Read More
- UK: Two brothers plead guilty to insider dealing (9 May) Read More
- US: SEC Obtains Final Judgment Against California Company and Its Owner Who Defrauded Elderly Investors in Gold and Silver Coin Scheme (9 May) Read More
- US: FINRA issued an AWCs against Siebert Williams Shank & Co., LLC for failure to correctly report trade timings to RTRS (9 May) Read More
- India: RBI imposes monetary penalty on The Nicholson Co-operative Town Bank Ltd., Tamil Nadu (8 May) Read More
- US: Chicago residents sentenced to prison for stealing over $100,000 from North Pole business through wire fraud, money laundering scheme (8 May) Read More
- US: SEC Announces Settlement Agreement to Resolve Civil Enforcement Action Against Ripple and Two of Its Executives (8 May) Read More
- US: Investment Scammer Sentenced to 96 Months’ Imprisonment for Defrauding Alpha Influence Investors of Over $20M (7 May) Read More
- US: Former Accountant for Westmoreland County Business Sentenced to Prison and Ordered to Pay More Than $8 Million in Restitution for Lengthy Embezzlement Scheme (7 May) Read More
- Canada: FINTRAC imposes Administrative monetary penalty on Immeubles Village Pointe-Claire Inc. (6 May) Read More
- India: RBI imposes monetary penalty on The Pusad Urban Cooperative Bank Limited, Pusad, Maharashtra (6 May) Read More
- India: RBI imposes penalties on five major banks for compliance failures (3 May) Read More
- UK: FCA restricts Direct Trading Technologies from carrying out regulated activities (2 May) Read More
- US: SEC Announces Dismissal of Civil Enforcement Action Against Ian Balina (2 May) Read More
- Canada: FINTRAC imposes Administrative monetary penalty on Immeubles Jack Sera, Inc. (1 May) Read More
- US: Five People Sentenced for Fraud and Identity Theft Targeting Elderly Retired Florida School District Employees (1 May) 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 May 2025:
Overview of Changes
1. New Entries Added: 1,392
2. Entries Removed: 42
3. Major Updates: 117
4. Minor Updates: 52
For detailed insights and the full list of updates, view our Reports.
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