Sanction Scanner News

Coinbase's UK arm, CB Payments Limited, was fined $4.5 million by the FCA for breaching a voluntary agreement to prevent onboarding high-risk customers.

Artur Schaback, co-founder of Paxful Inc., pleads guilty to failing AML compliance, highlighting the critical need for robust KYC protocols in the cryptocurrency industry.

The Bank of Russia recommends businesses use cryptocurrencies and digital assets to navigate Western sanctions and facilitate international payments, marking a significant policy shift.

Silvergate agrees to a $63 million settlement with U.S. and California regulators over internal management failings and misleading investor disclosures.

The key outcomes of the latest FATF Plenary include updates on anti-money laundering, terrorism financing, and strategic initiatives for a more secure global financial system.

HSBC Private Bank faces regulatory action from Finma for failing to conduct adequate checks on high-risk accounts.

Epoch Times CFO Bill Guan has been arrested for allegedly leading a $67 million money laundering scheme, significantly impacting the news outlet's financial operations.

German fintech N26 reveals regulatory scrutiny has cost billions in lost growth. Now focusing on profitability and sustainable client portfolios, the company aims for a turnaround in 2023.

FINTRAC has fined Binance $4.4 million for failing to comply with AML and CFT regulations.