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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)

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ECB sanctions J.P. Morgan with €12.18M in administrative penalties for serious compliance breaches of EU banking reporting rules, including for misreporting capital requirements

February 19, 2026

These errors understated risk-weighted assets and overstated capital ratios, compromising supervisory oversight and the integrity of regulatory reporting, which is critical to preventing systemic risk and ensuring transparency in the banking sector. The case highlights the importance of robust internal controls, accurate reporting, and accountability to maintain compliance and safeguard against financial…

Norwegian Lottery Authority fines Norsk Tipping NOK 1M over serious AML gaps, citing weak customer risk checks and monitoring failures that exposed the operator to ML/TF risks

February 18, 2026

The Norwegian Lottery Authority (Lotteritilsynet) imposed the fine after identifying multiple deficiencies in Norsk Tipping’s AML framework, including inadequate customer identification, insufficient understanding of source of funds and gaps in risk-based monitoring. Although no actual money laundering was detected, the regulator found that system and control weaknesses undermined the operator’s ability to prevent and detect financial crime, particularly due to incomplete KYC data and insufficient compliance routines…

US Bureau of Alcohol, Tobacco, Firearms and Explosives seizes over 36,000 illegal firearms and 2.3M rounds of ammunition, including shipments to Mexico, targeting cartel-linked gun-trafficking networks

February 18, 2026

US ATF in coordination with federal and international partners, executed a targeted operation that resulted in the seizure of thousands of unlicensed and illicit firearms intended to arm Mexican criminal organisations. The action underscores ongoing efforts to enforce U.S. gun laws, dismantle trafficking networks and reduce the flow of weapons that fuel violence and organised crime on both sides of the border…

OFSI publishes updated Financial Sanctions Enforcement and Monetary Penalties Guidance, streamlining compliance, penalty, and appeal processes while boosting transparency and deterring future breaches

February 9, 2026

Key proposals included introducing a new case assessment framework, clearer guidance on how cases are evaluated, enhanced penalty discount schemes for voluntary disclosure and cooperation, a civil settlement scheme to resolve cases more efficiently, an Early Account Scheme (EAS) for subjects to provide full factual accounts early in investigations, streamlined processes with indicative penalties…

FINTRAC imposes fines on 2 MSBs: $224,235 on Commerciale I.C.–Pacific Inc. and $24,750 on TreasureMeta Corporation for AML compliance failures, including reporting deficiencies

February 7, 2026

Violations included late electronic funds transfer reporting, failure to maintain written compliance policies and procedures, inadequate risk assessment documentation, lack of required compliance reviews, and non-compliance with a Ministerial Directive. FINTRAC stated that penalties are intended to drive corrective action and reinforce businesses’ obligations to support Canada’s AML/ATF regime….

US DOJ announces a Florida man’s guilty plea in a biofuel fraud scheme that generated over $7M in fake renewable fuel credits and sought more than $6M in false tax claims

February 5, 2026

A federal defendant admitted in court that he conspired to defraud the U.S. government by submitting false documentation to claim renewable fuel and biodiesel tax credits for biodiesel that was never produced or sold, resulting in millions of dollars in improper credits. The plea underscores DOJ’s focus on fraud schemes that exploit tax incentives and harmful impacts on government programs intended to support legitimate clean-energy production…

HMRC issues a list of businesses penalised for AML breaches between Apr – Sept 2025, revealing that 170 real estate agencies nearly half of all 369 fined were hit with £835,842 in total fines

February 2, 2026
According to the report, the vast majority of these infractions, 332 out of 369 were administrative failures, specifically businesses trading without the required anti-money laundering (AML) supervision or failing to register by the legal deadline. Other affected sectors included accountancy service providers, who received 134 penalties totaling £513,930, and money service businesses, which faced 11 penalties totaling…

US DOJ reports a former TB bank employee has pleaded guilty to accepting bribes and help launder $5.5M in drug proceeds through fraudulent a/cs and ATM withdrawals to Colombia

January 30, 2026

Felix Caraballo abused his banking position to open fraudulent accounts, issue over 150 debit cards to shell companies, and bypass internal controls, enabling thousands of ATM withdrawals in Colombia that moved illicit funds abroad. He received cash and digital payments in exchange for facilitating the scheme and now faces sentencing later in 2026…

OFSI fines Bank of Scotland £160,000 for processing 24 payments worth £77,383.39 to a sanctioned Russian individual, citing screening failures that exposed serious weaknesses in its sanctions controls

January 26, 2026

The breaches, which occurred in February 2023, were due to gaps in the bank’s screening systems and name‑matching procedures, allowing the account to remain active for over two weeks. The penalty was reduced by 50% from £320,000 because the bank voluntarily disclosed the issue promptly. The notice underscores the importance of robust sanctions screening, escalation procedures, and staff training to prevent similar compliance failures…

AUSTRAC orders an independent audit of Airwallex, a payment platform, to investigate suspected AML/CFT breaches in transaction monitoring, customer due diligence, and suspicious reporting

January 22, 2026

The audit, issued under section 162 of the AML/CTF Act, will require an external auditor at Airwallex’s expense to assess whether the company’s AML/CTF program, customer due diligence, transaction monitoring and suspicious matter reporting meet regulatory obligations, with findings due within 180 days and potentially informing further regulatory action. . AUSTRAC’s CEO Brendan Thomas emphasised concerns about…

US DOJ reports a former TD Bank employee has pleaded guilty to facilitating a Colombian ATM ML scheme by accepting bribes to help move over $26M through TD Bank accounts

January 21, 2026

A former New Jersey-based TD Bank employee, Oscar Marcel Nunez-Flores, pleaded guilty to accepting bribes to help a money-laundering network transfer more than $26 million from the United States to Colombia through TD Bank accounts. The plea highlights how bank insiders can be exploited to enable international laundering and underscores DOJ’s commitment to holding financial professionals accountable when they abuse their positions and evade reporting obligations…

US DOJ confirms the extradition of 37 Mexican nationals linked to major cartels, wanted for drug trafficking, narcoterrorism, and money laundering, to face prosecution in the U.S

January 21, 2026

US DOJ reports that 37 fugitives were brought from Mexico into the United States to face a range of federal criminal charges, including allegations of narcoterrorism, material support to foreign terrorist organisations, firearms trafficking, human smuggling, money laundering and conspiracy to traffic methamphetamine, fentanyl and cocaine. Among those transferred are prolific human smugglers, violent arms traffickers and alleged members of major drug cartels designated as foreign terrorist organisations…

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