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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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FinCEN assesses a $3.5M penalty on Paxful for willful BSA breaches, after the crypto platform facilitated over $500M in suspicious, illicit, and sanctions-linked transactions

December 9, 2025

FinCEN found that Paxful operated for years without an effective AML program, neglecting to verify customer identities, monitor activity or file required SARs, even as its platform was used for fraud, scams, sanctions evasion and transactions linked to child exploitation. The penalty reflects FinCEN’s conclusion that Paxful’s systemic failures enabled high-risk actors to abuse its services and underscores heightened U.S. scrutiny of non-compliant virtual asset service providers…

Canada Border Services Agency fines Ontario business owner with $36.9M for undeclared vehicle exports to West Africa, underscoring strict enforcement of export laws and protection of trade integrity

December 8, 2025

CBSA’s investigation found that between 2017 and 2022 the individual exported more than 3,700 vehicles without the required reporting under the Customs Act, allowing the shipments to evade regulatory scrutiny and posing significant risks to supply-chain integrity and public safety. The penalty reflects both the scale and duration of the violations and signals CBSA’s strengthened enforcement posture against high-risk exporters who bypass Canada’s export-control and customs-compliance requirements…

UK Gambling Commission fines Done Brothers Cash Betting Ltd (trading as Betfred) £825K for AML and social responsibility failures, including weak CDD and inadequate problem gambling protections

December 3, 2025

The breaches included inadequate customer due diligence, poor transaction monitoring, and failures to prevent problem gambling, highlighting the regulator’s focus on protecting consumers and ensuring robust AML controls in the gambling sector…

FCA censures the Institute of Certified Bookkeepers for serious AML supervision failings of member firms, spotlighting the need for stronger oversight to prevent financial crime

December 2, 2025

The regulator found that between 2019 and 2022 the ICB failed to conduct adequate risk assessments, carried out too few supervisory visits, and did not ensure that supervised firms met AML obligations, leaving significant compliance gaps across the sector. The FCA concluded that these shortcomings undermined the effectiveness of the UK’s AML regime, issuing a public censure in place of a financial penalty due to the ICB’s limited resources and ongoing remediation work…

UK SFO secures conviction of AOG Technics Director for fraudulently selling aircraft engine parts with forged documents, triggering serious global aviation safety risks

December 1, 2025

Jose Alejandro Zamora Yrala, director of London-based AOG Technics, pleaded guilty at Southwark Crown Court to operating his company for fraudulent purposes by falsifying origin and status documentation for CFM56 aircraft engine parts used on Boeing and Airbus jets. The SFO’s investigation, conducted with Portuguese authorities, revealed that from 2019 to 2023 these forged parts were sold to airlines, maintenance operators and suppliers worldwide, prompting safety alerts and temporary grounding of affected aircraft…

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.

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