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Swissinfo: Monaco fines UBS Group AG €6M for repeated AML failures, citing long-standing weaknesses in due diligence, suspicious transaction reporting, and oversight of high-risk client structures

May 7, 2026

Monaco’s financial watchdog cites repeated breakdowns in its compliance system over several years, including delayed suspicious transaction reporting, weak customer due diligence, and insufficient verification of complex client ownership structures; regulators said these shortcomings reflected a broader failure in internal controls and highlighted the bank’s exposure to high-risk clients and transactions…

NL Times: ING settles a Belgian ML case for €1.6M over alleged failures to flag and report suspicious transactions linked to former EU Commissioner, exposing AML control weaknesses

May 5, 2026

Authorities criticised weaknesses in the bank’s AML controls, particularly around transaction monitoring and escalation of red flags over an extended period, although the settlement closes the case without an admission of wrongdoing, it underscores ongoing regulatory pressure on banks to strengthen detection systems and ensure timely reporting of suspicious activity…

A Reuters investigation alleges that a powerful Iranian political family secretly controls Nobitex, Iran’s largest crypto exchange, at the centre of a vast digital network linked to sanctioned financial flows

May 1, 2026

The exchange was founded by two brothers from the influential Kharrazi family, who reportedly used a different surname to hide their identity. Nobitex has grown into Iran’s dominant crypto platform, serving millions of users (over 10 million) and handling the majority of the country’s crypto transactions. Blockchain analysis and investigations indicate it has processed large volumes of transactions linked to…

KYPCNB: A Swiss court drops ML case against Uzbekistan’s former president’s daughter on procedural grounds, ending the long-running case without verdict despite serious corruption allegations

April 28, 2026

Karimova had been accused of running a criminal network known as “The Office,” allegedly involved in bribery and money laundering schemes that channelled hundreds of millions of dollars through Swiss accounts between 2005 and 2013. The Federal Criminal Court in Bellinzona ruled that Karimova could not participate in the trial because she is imprisoned in Uzbekistan and barred from leaving the country,…

24 Finance: Italy’s Central Bank ordered DeA Capital Real Estate SGR to strengthen AML controls, overhaul governance, and pause new retail fund launches after flagging elevated ML risks

April 27, 2026

The regulator has ordered urgent corrective measures, including a governance restructuring that may involve replacing most board and senior roles, appointing directors with specific AML expertise, implementing a formal remediation plan to address control weaknesses and strengthen risk management, temporarily restricting the launch of new funds for non-institutional clients until issues are resolved…

1News: A New Zealand law firm has admitted serious AML/CFT breaches, revealing systemic failures in due diligence, risk controls, and reporting, and triggering regulatory enforcement action

April 24, 2026

The breaches included failures to conduct proper customer due diligence, inadequate risk assessments, poor record-keeping, and deficiencies in ongoing monitoring of client activity. Regulators also found that the firm failed to fully cooperate during parts of the supervisory review process, further aggravating compliance concerns…

Yahoo Finance: Deutsche Bank self-reported possible EU sanctions breaches after an internal review found Russia-linked deposits over €100,000, prompting regulatory notification and tighter controls

April 20, 2026

The issue was uncovered during routine monitoring of sanctions controls, where the bank flagged transactions that potentially fell within restricted exposure rules. In line with regulatory expectations, Deutsche Bank proactively reported the findings to relevant authorities rather than waiting for external enforcement action…

TV: South Korea fines Coinone $3.5M and imposed a partial suspension over major AML failures, including inadequate customer checks and weak controls over illicit transactions

April 14, 2026

The regulator said the exchange failed to properly enforce due diligence controls, raising concerns about systemic weaknesses in its compliance and monitoring framework. Coinone can continue limited operations but faces restrictions on new customer activity while corrective measures are reviewed..

Reuters: Brazil and the U.S. launch a joint initiative to combat organised crime, focusing on sharing intelligence and integrating data to better intercept illicit flows of weapons and drugs

April 10, 2026

Brazil and the US have agreed to establish a bilateral programme integrating intelligence and operational coordination between the Brazilian Federal Revenue Service and U.S. Customs and Border Protection to target illicit flows of weapons and narcotics. According to Reuters, the initiative announced by Brazil’s Finance Ministry aims to strengthen real-time data sharing and joint interdiction efforts against transnational criminal organisations…

Times of Malta: Stanleybet Malta Limited, a betting company, has been fined €225,000 for serious AML failings, including weak monitoring and fragmented controls that left it exposed to ML/TF risks

April 6, 2026

The regulator found that the company had systemic weaknesses in monitoring customer transactions across its betting shops, relying on unreliable manual identification methods and lacking a complete customer database. It also noted that customers could easily bypass deposit thresholds by spreading activity across multiple locations, preventing proper detection of suspicious activity. The FIAU concluded that these failures created significant money laundering and terrorism financing risks, prompting both financial penalties….

Le Monde: French singer Gims is charged with aggravated ML in a major international probe into a network that allegedly launders at least €319M through over 2,000 companies in France

March 28, 2026

Authorities believe the scheme involved collecting illicit cash from criminal activities, funnelling it through legitimate businesses using false invoicing, and transferring funds abroad to conceal their origin, with part of the money invested in luxury real estate projects, including developments in Morocco linked to the artist…

Lexology: Former CEO of Nodus Int’l Bank pleads guilty to a $24.9M fraud and sanctions evasion scheme, abusing his position to siphon funds & facilitate prohibited Venezuela-linked transactions

March 23, 2026

The scheme involved concealing related-party dealings, using complex financial structures to disguise the movement of funds, and bypassing U.S. sanctions through deceptive arrangements tied to a sanctioned entity. Authorities said the misconduct not only caused significant financial losses but also contributed to the bank’s collapse, highlighting serious risks from insider-enabled financial crime and sanctions…

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