Tags: Fine
FDIC Slams Discover with $250M Fine: Major Merchant Restitution Required!
The Federal Deposit Insurance Corporation (FDIC) has taken enforcement actions against Discover Bank due to misclassifying credit cards, resulting in over $1 billion in overcharges…
New York Regulator Imposes $40 Million Fine on Block for Anti-Money Laundering Violations
Block, the company behind Cash App, has been fined $40 million by the New York State Department of Financial Services (DFS) for serious failures in…
Revolut Faces Record Fine in Lithuania for Compliance Violations: A Major Regulatory Setback
Revolut, a leading London-based FinTech firm, has been fined €3.5 million by Lithuania’s central bank, marking the largest penalty ever imposed by the authority. The…
Revolut Faces €3.5 Million Fine from Lithuanian Central Bank Over AML Compliance Issues
The Bank of Lithuania has fined Revolut, a major European banking player, after an investigation revealed deficiencies in its monitoring of business relationships and customer…
Deutsche Bank’s DWS Hit with €25M Fine for Misleading ESG Claims: What You Need to Know
Deutsche Bank’s investment division, DWS, has been fined €25 million (about $27 million) by the Frankfurt prosecutor’s office for allegedly misrepresenting its sustainable investment practices.…
FCA Imposes £9.2 Million Fine on London Metal Exchange for Nickel Market Collapse
The FCA’s recent enforcement action against the London Metal Exchange (LME) highlights significant regulatory shortcomings following extreme volatility in its nickel futures contract in March…
BUX Faces €1.6 Million Fine from Dutch Regulators for Referral Incentive Violations
The Netherlands Authority for the Financial Markets (AFM) has fined neo-broker BUX €1.6 million for violating inducement regulations by providing incentives to customers and influencers.…
ABN Amro’s Neobroker Hit with €1.6M Fine for Paying Financial Influencers: What You Need to Know
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OKX Admits Guilt in Unlicensed Money Transfer Operations, Hit with $504M Fine
Aux Cayes Fintech, operating as OKEx and OKX, has pleaded guilty to running an unlicensed money transmitting business, leading to over $504 million in penalties.…
FCA Imposes First MiFIR Transaction Reporting Fine on Infinox Capital: A Landmark Enforcement Action
Infinox Capital Limited has been fined £99,200 by the Financial Conduct Authority (FCA) for failing to submit over 46,000 transaction reports, crucial for detecting potential…
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