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Banco Santander SA has been ordered to pay a penalty exceeding €40 million following an extensive supervisory review of the anti-money laundering arrangements at its digital subsidiary, Openbank. Spain’s anti-money laundering authority, Sepblac, concluded that there were material weaknesses in the internal procedures and control systems governing Openbank’s operations in Spain. The sanction, one of the largest ever issued by the watchdog, reflects heightened regulatory pressu

The Financial Industry Regulatory Authority (FINRA) has levied a $1.1 million fine and issued a censure against three Cetera entities after uncovering systemic deficiencies in their anti-money laundering (AML) controls and oversight of low-priced securities. The regulatory body determined that from March 2019 through August 2021, Cetera Advisors, Cetera Wealth Services, and Cetera Investment Services “operated a compliance program that was not reasonably designed to detect or

Spanish regulators have confirmed a massive fine of 17,601,000 euros against CaixaBank following serious breaches of anti-money laundering obligations. The administrative decision was officially published in the Official State Gazette under resolution BOE-A-2025-26201 on December 11, 2025, and stems from failures in monitoring high-value property transactions that took place years ago. The penalty, one of the largest ever levied against a Spanish bank for non-compliance with

The Autorité des marchés financiers (AMF), together with its enforcement committee, has concluded a sanction procedure against M Capital Partners, imposing a total fine of 150,000 euros on the portfolio management company and several of its executives. The decision, rendered on December 31, 2025, targets a series of serious regulatory breaches, notably the provision of investment services without proper authorization and long-standing failures in the firm’s anti-money launder

Australia’s financial intelligence regulator, the Australian Transaction Reports and Analysis Centre (AUSTRAC), has refused to renew the registration of independent remitter Yellow Sands Trading Pty Ltd, which operated under the business name Raiyyan Exchange, effectively barring the company from providing money transfer services anywhere in Australia with immediate effect.   AUSTRAC’s decision followed the identification of serious and systemic deficiencies in the company’s