by Jyotsna Bucktowar | Sep 16, 2025
Additionally, from June 2023 to March 2025, the bank systematically failed to report suspicious transactions within the required timeframe. BaFin has mandated Varengold to implement corrective measures and submit regular progress reports. The enforcement actions are...
by AdrianaAMLP | Sep 12, 2025
The European Public Prosecutor’s Office (EPPO) secures a conviction in the Croatia case concerning an unlawful software procurement by the Ministry for Regional Development and EU Funds. The verdict, following a plea bargain, finds the owner of a business guilty of...
by Jyotsna Bucktowar | Sep 2, 2025
Inspectors highlighted shortcomings in transaction monitoring, delayed processing of alerts, missing customer identification documents and insufficient oversight of outsourced compliance functions. Alipay had failed to file suspicious transaction reports in six cases...
by Jyotsna Bucktowar | Aug 28, 2025
The Swiss private bank was fined CHF 3.5m (~€3.64m) after its accounts channeled $71m in bribes to Petrobras executives between 2011–2014, of which $28.5m was stopped by other banks. The fallout includes a CHF 16m settlement with Petrobras and a former banker...
by Jyotsna Bucktowar | Aug 26, 2025
The penalty followed multiple warnings over several years and was based on four cases between January 2021 and May 2022, where Bunq failed to adequately investigate suspicious transactions or maintain proper customer monitoring. Despite previous interventions, Bunq...
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