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NEWS: Cryptocurrency firm Payeer hit with record €9.3M penalty in Lithuania for Russian sanctions breaches

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NEWS: Last chance for IAFCS 2026 tickets as registration set to close

BREAKING: Switzerland fines Julius Baer €10.6m (CHF10m) over anti-money laundering failings

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NEWS: Banks urge AMLA to cut data required in suspicion reports 

By Paul O’Donoghue

Lithuania has imposed a €9.3 million fine on cryptocurrency company Payeer for a variety of AML failures, including breaches of international sanctions.

In a statement, the Lithuanian Financial Crime Investigation Service (FCIS) said the penalty was a “record” fine imposed by the FCIS for breaches of international sanctions.

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NEWS: Last chance for IAFCS 2026 tickets as registration set to close

BREAKING: Switzerland fines Julius Baer €10.6m (CHF10m) over anti-money laundering failings

 Premium

NEWS: Banks urge AMLA to cut data required in suspicion reports 

Regulatory Watch News

  • Update to UK Sanctions List: ISIL (Da’esh) and Al-Qaeda Sanctions Regime

    UK Government

    Today, Tuesday 29 September, the UK Government has amended 1 entity designated under the ISIL (Da’esh) and Al-Qaeda Sanctions Regime. This reflects an amendment made on 28 September by the UN Security Council Sanctions Committee pursuant to Resolutions 1267 (1999), 1989 (2011) and 2253 (2015). Amended Entity:

    Name: UN ID: Unique ID:
    Khatiba Jama’at Al-Tawhid Wal-Jihad (KTJ) QDe.168 AQD0377

  • Investigation Troja: EPPO uncovers criminal organisation suspected of having sold over one million used mobile phones as if they were new

    European Public Prosecutor's Office

    (Luxembourg, 29 September 2026) – The European Public Prosecutor’s Office (EPPO) in Cologne (Germany) has been conducting searches and arrests since last Saturday against a criminal organisation suspected of having sold over one million mobile phones as if they were new, while in reality they were used. The criminal scheme caused an estimated damage of at least €300 million to EU consumers and a VAT loss of over €30 million to several EU Member States. 1770 police, tax and customs officers carried out over 160 searches and seizures in 19 countries (Austria, Belgium, Bulgaria, Croatia, Cyprus, Estonia, Finland, Germany, Italy, Latvia, Lithuania, Luxembourg, Poland, Portugal, Romania, Slovakia, Spain, Switzerland and the Netherlands), and a witness was heard in the UK. Seven suspects were arrested in Austria, Germany and Spain, including the two leaders of the organisation.

  • SFC reprimands and fines Zheng Da International Financial Holding Limited $7 million and suspends its responsible officer for regulatory breaches

    Securities and Futures Commission

    The Securities and Futures Commission (SFC) has reprimanded and fined Zheng Da International Financial Holding Limited (Zheng Da) $7 million for failures in complying with anti-money laundering and counter-financing of terrorism (AML/CFT) and other regulatory requirements between 1 December 2021 and 30 September 2023 (Relevant Period) (Note 1). The SFC has also suspended the licence of Zheng Da’s responsible officer, Mr Zhong Hao, for seven months from 28 September 2026 to 27 April 2027

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