Tagged: penalty

November 7, 2025 @ 8:55 am By Omar Faridi  |  

The Central Bank of Ireland fined Coinbase Europe Limited , part of Coinbase Global (NASDAQ:COIN), €21,464,734 for allegedly breaching its anti-money laundering and counter terrorist financing transaction monitoring obligations between 2021 and 2025. Specifically, the Central Bank said it has fined Coinbase Europe for violating applicable… Read More

September 28, 2025 @ 3:11 pm By Omar Faridi  |  

FINTRAC announced that it imposed an administrative monetary penalty on Peken Global Limited, also operating as KuCoin. This Seychelles-incorporated foreign money services business operating in Canada was imposed “a penalty of $19,552,000 on July 28, 2025, for non-compliance with Part 1 of the Proceeds of… Read More

October 3, 2024 @ 10:57 pm By Omar Faridi  |  

Starling Bank confirms that it fully accepts the findings set out in the Final Notice published today by the Financial Conduct Authority (FCA). This reportedly resolves the investigation referred to in Starling Bank’s annual report in June 2024. Starling notes in a release that it… Read More

August 13, 2024 @ 11:16 am By Omar Faridi  |  

SteelEye notes that it has been a year since the $549 million fine was imposed by the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) on 13 major Wall Street firms “for failures in record-keeping of off-channel communications.” Steeleye mentioned… Read More

May 10, 2024 @ 2:30 pm By Omar Faridi  |  

FINTRAC announced that it has imposed an administrative monetary penalty on Binance Holdings Limited, also operating as Binance Holdings (IE) Ltd., Binance.com, Binance Global and Binance. This foreign money services business was “imposed an administrative monetary penalty of $6,002,000 on May 7, 2024 for non-compliance… Read More

August 17, 2023 @ 8:31 am By Omar Faridi  |  

The Federal Trade Commission will require Experian Consumer Services, which offers consumers access to their Experian credit information, “to pay $650,000 to settle charges it sent consumers unsolicited email without offering them a way to opt out of such messages, as required under the CAN-SPAM… Read More

July 8, 2023 @ 7:24 pm By Omar Faridi  |  

China’s regulatory authorities revealed on Friday (July 7, 2023) a 7.12 billion yuan (approximately $984 million) fine for Ant Group, a decision that effectively ends a lengthy regulatory revamp of the Fintech firm while marking an important step to concluding a massive crackdown on the… Read More

December 24, 2021 @ 8:48 am By Omar Faridi  |  

The UK’s Prudential Regulatory Authority (PRA) has imposed a financial penalty on Metro Bank plc “of £5,376,000 for failing to act with due skill, care and diligence in relation to the regulatory reporting of its capital position and for failings in its regulatory reporting governance,… Read More

March 3, 2016 @ 6:31 am By Erin Hobey  |  

The Consumer Financial Protection Bureau took action against online payment platform Dwolla for deceiving consumers about its data security practices and the safety of its online payment system, according to a release. The CFPB ordered Dwolla to pay a $100,000 penalty and fix its security… Read More