All Articles

The Central Bank of the United Arab Emirates (CBUAE) has imposed a financial penalty of AED 200 million on the UAE branch of an unnamed foreign bank following significant and repeated failures in its anti-money laundering and counter-terrorist financing (AML/CFT), governance, compliance management and sanctions frameworks. In an important aspect of the enforcement action, the regulator also imposed separate financial penalties on the branch’s Chief Executive Officer (CEO) and

The UK Financial Conduct Authority (FCA) has banned Jeffrey Dawkins, the former chief executive of Vector Wealth Limited, from working in regulated financial services and fined him £269,233 after finding that he concealed the company’s actual ownership and allowed a disqualified director to use its regulatory status to promote high-risk investments. The enforcement action, announced on 21 October 2026, also resulted in a £20,000 financial penalty and a prohibition on senior m

A court in Russia has issued a prison sentence of 8 years and 2 months, along with a fine of 12 million rubles, against former Sergey Anokhin, who previously served as CEO of the bookmaker Fonbet, following his conviction in a case involving corruption, mediation of bribery, and large-scale organized fraud. The court also handed down sentences to several co-defendants involved in the same criminal proceedings, with penalties varying according to each individual’s level of par