Lenders

Monaco’s financial markets watchdog has fined UBS €6 million for “numerous serious breaches” in anti-money-laundering and counterterrorism financing controls.

Ecuador’s financial regulators have launched a joint probe into possible money laundering at Banco Guayaquil, the country’s third-largest bank by net profit.

Brazilian federal police are targeting Senator Ciro Nogueira, a powerful ally of former President Jair Bolsonaro, as part of an expanding probe into the failed Banco Master.

The Financial Action Task Force (FATF) has removed Singapore from its enhanced follow-up list but the city-state’s beneficial-ownership safeguards, money-laundering prosecutions, and proliferation-financing controls are still falling short of the risks it faces as one of the world’s largest financial centers.

China’s top financial regulator has quietly told the country’s largest banks to suspend new loans to five Chinese refiners recently sanctioned by the United States over their ties to Iranian oil, even as Beijing publicly orders companies to ignore those same U.S. measures.

ING Belgium has agreed to pay a €1.6 million settlement over alleged failures to report suspicious transactions linked to former European Commissioner Didier Reynders.

HSBC has booked a $400-million “fraud-related” charge tied to the collapse of UK bridging lender Market Financial Solutions, hitting first-quarter profits at Europe’s biggest bank and exposing one of the most material indirect transmission channels yet between private credit and a global systemically important lender.

Money laundering offenses in the Republic of Ireland have surged to unprecedented levels, with gardaí recording close to 2,800 cases last year and struggling to keep pace with the volume.

Denmark’s financial regulator has reported a local unit of Nordea Bank to police over suspected breaches of anti-money-laundering rules and asked authorities to open a criminal investigation, the authority disclosed Monday. 

A former Deutsche Bank executive who went public with allegations that the lender’s asset-management arm overstated its environmental, social, and governance (ESG) credentials has been denied a U.S. whistleblower award because regulators say they first learned of her claims through the press.