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Sweden’s financial watchdog has issued a formal caution and imposed an administrative penalty of 80 million SEK (approximately 7.5 million euros) on Samhällsbyggnadsbolaget i Norden AB (SBB) after identifying serious deficiencies in the company’s financial reporting. The action follows an investigation by Finansinspektionen, which concluded that the firm failed to present an accurate picture of its consolidated financial statements for the 2021 fiscal year. According to the r

HM Revenue & Customs has released its latest roster of businesses sanctioned for failing to comply with money laundering regulations, revealing that estate agents make up almost half of all penalties issued during the period.   The newly published data, covering enforcement action between 1 April and 30 September 2025, shows that a total of 369 penalties were imposed across all sectors under HMRC supervision, with combined fines amounting to £1,881,237. Of those, 170 penaltie

A criminal court in Kuwait has imposed seven-year prison sentences on nine individuals convicted of running an online gambling platform and laundering the proceeds of illegal activity, in what authorities characterised as an organised criminal enterprise.   In addition to the custodial sentences, the court ordered each of the nine defendants to pay a fine of KD1m (approximately $3.3m). This brings the combined personal fines to KD9m (around $29.7m).   The court also levied a

A criminal court in Kuwait has imposed seven-year prison sentences on nine individuals convicted of running an online gambling platform and laundering the proceeds through a complex financial network, in a case described by authorities as an organised criminal scheme.   In addition to the custodial sentences, the court ordered each defendant to pay a fine of KD1m (approximately $3.3m). The combined personal fines total KD9m (around $29.7m).   The court also levied a separate

The Office of Financial Sanctions Implementation has imposed a £160,000 monetary penalty on Bank of Scotland Plc after determining that serious shortcomings in the bank’s financial controls led to repeated breaches of UK sanctions rules. The enforcement action relates to the processing of 24 prohibited transactions connected to a customer designated under the Russia Sanctions (EU Exit) Regulations 2019. Between 8 February and 24 February 2023, the bank allowed £77,383.39 to p

The Cyprus Securities and Exchange Commission (CySEC) carried out extensive supervisory work in 2025, resulting in administrative sanctions totaling €2.3 million, President George Theocharides said at a press conference on Wednesday, reviewing the Commission’s activities over the year. The regulatory authority conducted approximately 600 on-site and remote inspections of Cyprus Investment Firms (CIFs), alongside extensive reviews of Collective Investment Managers and Undertak

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

The Commission de Surveillance du Secteur Financier has imposed an administrative fine of €185,000 on Rakuten Europe Bank S.A. after identifying serious shortcomings in the institution’s anti-money laundering and counter-terrorist financing controls. The decision was formally adopted on May 19, 2025, and made public on the regulator’s website in early 2026. The sanction corresponds to approximately one percent of the bank’s annual turnover as reported at the end of the 2022 f