A regulated Cyprus-based E-Money Institution (EMI) has been fined €350,000 by the Central Bank of Cyprus following an AML compliance examination covering the 2020 financial year. The sanction, now under judicial review, constitutes a confirmed supervisory...
Paxos, the blockchain infrastructure firm behind BUSD, has agreed to pay a $48.5 million settlement to the New York Department of Financial Services (NYDFS) for anti-money laundering (AML) failures related to its partnership with Binance (Finextra).
The Breakdown
$26.5M in Penalties, $22M in Compliance SpendPaxos will...
The UK’s financial watchdog has slammed Barclays for systemic anti-money laundering failures—despite its Tier 1 status. The penalty exposes just how fragile "trusted" banking...
Wise, the global money transfer platform formerly known as TransferWise, has been fined $4.2 million by the Conference of State Bank Supervisors (CSBS) for anti-money laundering (AML) compliance failures....
In one of the most comprehensive enforcement actions in its regulatory history, the Monetary Authority of Singapore (MAS) has imposed fines totaling SGD 27.45 million (approximately USD...
