Log in/out

Our extensive knowledge at your fingertips

Fines & Enforcements

This section includes initiatives by the FCA, ICO, Gambling Commission, SEC, US DoT among others.

Financial Conduct Authority (FCA)
Information Commissioner’s Office (ICO)
Gambling Commission
U.S Department of the Treasury – Penalties and Enforcement Information
U.S. Securities and Exchange Commission (SEC)

And many more…

 

Sections

Latest editions

Search

U

OFAC fines a U.S. real-estate investor $4.68M for illegally dealing in property owned by a sanctioned Russian, underscoring strict enforcement of sanctions on blocked assets

November 27, 2025

Between April 2023 and March 2024, the investor — acting through a U.S.-based real-estate firm — mortgaged, renovated and sold a residential property in Atlanta that belonged to a person on OFAC’s Specially Designated Nationals and Blocked Persons List, in violation of U.S. sanctions and an earlier cease-and-desist order. The penalty serves as a strong enforcement signal that U.S. persons must not transact…

UK Gambling Commission fines Videoslots Limited £650,000 for failing to prevent high-risk gambling and ML activity, exposing the risks of over-reliance on flawed automated systems

November 27, 2025

The regulator found that the operator relied too heavily on automated systems, which failed to flag high-risk transactions, such as customers depositing tens of thousands of pounds via prepaid vouchers without proper source-of-funds checks. Additionally, Videoslots’ safer gambling systems inadequately monitored player losses, allowing some customers to exceed their deposit limits without timely intervention…

EPPO strikes a major blow against a scheme that allegedly siphoned €40m in EU subsidies via fake training courses

November 27, 2025

At EPPO’s request, Italian authorities carried out precautionary measures against three entrepreneurs suspected of defrauding the “Fondo Nuove Competenze” by organising fictitious training courses for about 1,500 workers from 32 firms — diverting roughly €40 million in EU funds. The investigation also uncovered that some of the misappropriated gains were invested in real estate (approximately €20 million), while additional searches target several other individuals and companies allegedly involved in the fraudulent scheme.

US DOJ sentences the leader of a Colombian transnational drug ML network to 5 years in prison and $1.2M forfeiture – a major win against sophisticated cross-border criminal finance operations

November 26, 2025

Michael Nunez Daza, alias “Luky,” was convicted of leading a money-laundering organisation operating across Colombia, Mexico and the United States, which orchestrated bulk cash pickups of drug profits in U.S. cities, funneled these funds into U.S. bank accounts under false names and then transferred equivalent value in pesos to Colombia. He is sentenced to 60 months’ imprisonment, ordered to forfeit $1.2 million, and his case illustrates the DOJ’s cross-border enforcement focus on dismantling financial infrastructures that underlie international narcotics trafficking…

EPPO seizes €2.4m linked to a French import-company suspected of customs fraud on shoes from China

November 24, 2025

French authorities — acting at EPPO’s request — ordered seizure of about €1.9 million in real estate and froze nearly €550,000 of bank assets belonging to the trading company and its managers, who are under investigation for customs fraud, money-laundering and participation in a criminal organisation. The companies allegedly undervalued goods on more than 440 import declarations between 2018 and 2024, avoiding an estimated €6.5 million in customs duties and import VAT on roughly €21 million worth of goods bought from China and sold across the EU.

UK SFO launches its first major cryptocurrency fraud investigation, probing a collapsed scheme called Basis Markets, which reportedly raised about US $28M via NFTs and token sales

November 20, 2025

The SFO, working with Metropolitan Police and West Yorkshire Police, has arrested two men on suspicion of fraud and money laundering following coordinated raids in London and West Yorkshire targeting Basis Markets, which raised funds through NFT and token sales in late 2021.The investigation seeks to trace the flow of roughly $28 million raised from investors — funds that may have been misrepresented, misused, or diverted — underscoring rising enforcement against unregulated crypto schemes…

Central Bank of Ireland fines Coinbase Europe Ltd €21.5M for failing to monitor over 30M transactions worth more than €176B during a 12-month period, breaching AML/CFT obligations

November 6, 2025

The Central Bank found that Coinbase Europe had significant deficiencies in its transaction monitoring systems, resulting in prolonged failures to detect and report suspicious activity. It also cited weaknesses in governance, risk assessment, and oversight arrangements, concluding that the firm’s AML control framework was not commensurate with the scale and complexity of its operations.

BaFin fines J.P. Morgan SE €45M for systematic delays in filing suspicious transaction reports, breaching AML obligations between Oct 2021 and Sept 2022

November 6, 2025

The regulator found persistent deficiencies in the bank’s processes for detecting, assessing, and reporting suspicious transactions, indicating weaknesses in its internal control and compliance systems. BaFin stated that these shortcomings undermined the timely fulfilment of AML reporting duties and reflected inadequate governance over key compliance functions…

US DOJ arrests five fugitives in California wanted by Germany for orchestrating a €300 million credit-card fraud network linked to German payment processors

November 5, 2025

The DOJ, acting on a German request and assisted by the U.S. Marshals Service, apprehended four U.S. citizens and one Canadian national in the Central District of California, enabling Mexico’s extradition of the fugitives for prosecution. Department of Justice The alleged fraud scheme involved fictitious merchant websites, recurring charges kept below €50 to avoid detection, and the creation of a shadow financial system through collusion with German payment service providers.

US DoJ secures the conviction of a former Corning scientist for economic espionage and trade-secret theft involving military-grade fiber-laser technology intended for use in China

November 5, 2025

Between 2002 and 2007, Ji Wang worked on an $11.4 million  Defense Advanced Research Projects Agency (DARPA) project to develop high-powered optical-fiber lasers with military applications, and he later stole proprietary manufacturing files with the intent to commercialise the technology in China. The jury found him guilty of two counts of economic espionage, one count of theft of trade secrets, and attempted versions of both charges, underscoring the U.S. government’s focus on prosecuting illicit transfer of critical dual-use technology.

UK Gambling Commission fines NetBet £650K and orders an audit after major AML and social-responsibility failings, including weak risk checks and and inaccurate reporting

November 5, 2025

Following a licence review covering November 2023 to July 2024, the Commission found that NetBet’s anti-money-laundering risk assessment omitted key risk factors, allowed customers to gamble disproportionately to their income, and failed to identify indicators of harm in a timely manner. The operator also submitted inaccurate regulatory data and as part of the settlement will pay the sum to socially responsible causes and commission an independent audit to enforce improvements…

FINTRAC fines Xeltox Enterprises CAD $176.9M for widespread AML violations, including failure to report suspicious and large virtual-currency transactions linked to high-risk and illicit activities

October 22, 2025

The Company failed to submit 1,068 suspicious transaction reports and 1,518 large virtual currency transaction reports, neglected to maintain written compliance policies, conduct risk assessments, notify FINTRAC of changes in prescribed information, and comply with a ministerial directive. FINTRAC stated that many unreported transactions were linked to serious criminal activity, including child exploitation…

No results found.