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NEWS: Bafin fines AIL Leasing over AML breaches

Premium June 3, 2026

The logo of Germany's Federal Financial Supervisory Authority BaFin (Bundesanstalt fuer Finanzdienstleistungsaufsicht) is pictured outside of an office building of the BaFin in Bonn, Germany, April 15, 2019. REUTERS/Wolfgang Rattay/File Photo

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LATEST: AMLA proposes flexible client monitoring rules with focus on high-risk relationships

LATEST: ‘AML Intelligence’ joins SPUR, the new global media coalition to protect against AI abuses

NEWS: FINMA moves to revoke Wendelspiess licence, imposes long-term bans on two

By CARLO BOFFA, EU Correspondent The German market watchdog imposed a €75,000 fine on leasing company AIL Leasing München for breaching the national anti-money laundering law. Bafin said the company did not document in several cases why it failed to file a suspicious transaction report (STR). In at least one occasion the STR was not…

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LATEST: AMLA proposes flexible client monitoring rules with focus on high-risk relationships

LATEST: ‘AML Intelligence’ joins SPUR, the new global media coalition to protect against AI abuses

NEWS: FINMA moves to revoke Wendelspiess licence, imposes long-term bans on two

Regulatory Watch News

  • More than $580,000 forfeited as part of immigration visa fraud investigation

    Australia Federal Police

    More than $580,000 has been forfeited to the Commonwealth as suspected proceeds of crime following an AFP-led investigation into an immigration visa fraud scheme linked to a Central Coast man, 61. The Supreme Court of NSW ordered the forfeiture of $117,000 of those total funds on 1 June, 2026, after the man admitted they were proceeds of crimes he committed between about July, 2017, and May, 2020. Those crimes included his role in providing false documents to a person exercising powers under the Migration Act 1958 (Cth) in connection with visa applications for non-citizens to remain in Australia.

  • Aspiration Partners Co-Founder Sentenced to Prison for $248M Scheme to Defraud Investors and Lenders

    US Department of Justice

    A California man who was a co-founder and former board member of Aspiration Partners, Inc., a financial technology and sustainability services company, was sentenced yesterday to 14 years in prison for a five-year scheme to defraud multiple lenders and investors of at least $248 million. “Joseph Sanberg preyed on investors and lenders who believed in his vision of environmentally conscious fintech,” said Assistant Attorney General A. Tysen Duva of the Justice Department’s Criminal Division. “Instead of delivering on Aspiration’s promises, he orchestrated a multi-year scheme involving fake clients, sham payments, and deceptive loan collateral that caused at least $248 million in losses to numerous victims. This sentence holds him accountable and serves as a clear warning to others who abuse trust for personal gain and obtain loans from the financial industry based on lies and misrepresentations.”

  • Update to UK Sanctions List: Global Anti-Corruption Regime

    UK Government

    Today, Tuesday 2nd June, the UK Government has varied the designation of the following individual under the Global Anti-Corruption Sanctions Regime. Individuals Varied:

    Name: Unique ID:
    Sarju RAIKUNDALIA GAC0051
     

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