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NEWS: OnlyFans chief financial officer Lee Taylor was ‘debanked’ due to platform’s adult content 

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By Paul O’Donoghue

Lee Taylor, the chief financial officer of OnlyFans, has become the latest senior figure at the company to reveal that they were ‘debanked.

Mr Taylor said his account was temporarily suspended by his bank, an issue which has become prevalent for people working in roles associated with pornography and explicit content.

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LATEST: ECB has concerns over proposed CEO at Italy’s Banca MPS

BREAKING: UK fines Apple for breaching Russia sanctions

BREAKING: US Treasury proposes rule to pay whistleblowers up to 30% of fines

Regulatory Watch News

  • FinCEN Proposes Rule to Pay Whistleblowers

    FinCEN

    Major Milestone in Implementing Whistleblower Program to Fight Illicit Finance WASHINGTON—Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) submitted to the Federal Register a Notice of Proposed Rulemaking (NPRM) to fully implement a whistleblower program by establishing a framework for offering incentives and protections to encourage individuals to report tips on fraud-related violations of the Bank Secrecy Act, U.S. sanctions programs administered by Treasury’s Office of Foreign Assets Control, and several other laws critical to safeguarding the U.S. financial system and national security. “As promised, Treasury will reward whistleblowers who provide timely, actionable information on fraud, sanctions violations, and other significant illicit finance activity,” said Secretary of the Treasury Scott Bessent. “President Trump has been clear that Americans have a right to know that their tax dollars are not being diverted to fund acts of global terror or to fund luxury cars for fraudsters. At Treasury, we follow the money, and we strongly encourage individuals to come forward with credible tips to help safeguard our financial system.”

  • Europol has identified AI powered fraud as a key problem area
    Guns-for-cannabis network hit: Europol high-value target arrested in international action

    Europol

    A Europol high-value target has been arrested and key members of his criminal network targeted during a coordinated action on 23 March across Spain, Bulgaria and Greece. The network is suspected of trafficking firearms from the Western Balkans and Türkiye into the European Union, exchanging them for cannabis and fuelling organised crime across multiple Member States.

  • Actions taken by the Office of Financial Sanctions Implementation (OFSI) to enforce financial sanctions against Apple

    OFSI

    Apple Distribution International Limited (ADI)

    Date 30 March 2026
    Sector Technology
    Penalty  £390,000
    Reason  Making funds available to a designated person without a licence
    Regulations Regulation 12 of the Russia (Sanctions) (EU Exit) Regulations 2019 (the “Russia Regulations”).

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