Anti Money Laundering News (03 Nov – 9 Nov 2025)
Welcome to this week’s edition of the Global AML News Weekly Digest. Here are the top stories making headlines around the world:
Germany fines JPMorgan €45 million for AML failings
Germany’s financial regulator BaFin has imposed a fine of €45 million on JPMorgan Chase’s Frankfurt arm for failing to file suspicious activity reports in a timely manner between October 2021 and September 2022. The penalty marks the largest ever issued by BaFin in the AML domain. The bank states the failures were historical in nature, that no investigations were impeded, and that remediation has been completed.
Coinbase fined €21.46 million for AML failures in Ireland
The Central Bank of Ireland has fined Coinbase Europe €21.46 million for significant anti-money-laundering and counter-terror-financing shortcomings. Investigations found that over 30 million transactions, valued at more than €176 billion and spanning April 2021 to March 2025, went unmonitored. Lapses in the transaction-monitoring system were linked with fraud, drug-trafficking and ransomware-related activity. Coinbase settled the matter under Ireland’s administrative sanctions regime and obtained a 30 % reduction on the penalty.
FATF report recognises India’s robust AML & asset-recovery framework
The Financial Action Task Force (FATF) has recognised India’s anti-money-laundering and asset-recovery mechanisms in its latest guidance. India’s regulatory architecture—including the Prevention of Money Laundering Act, 2002 (PMLA) and the Fugitive Economic Offenders Act, 2018—was praised for enabling non-conviction based confiscation and value-based asset recovery, with the country’s asset-recovery agency cited as a “model”. This recognition enhances India’s standing in global AML/CFT discourse and offers a benchmark for other jurisdictions.
Georgia fines crypto-firm Sher888 GEL 465,000 for AML breaches
The National Bank of Georgia (NBG) has penalised the virtual asset service provider Sher888 LLC to the tune of GEL 465,000 for several anti-money-laundering and counter-terror-financing violations. The firm was found to have submitted incorrect or incomplete client due-diligence documentation, failed to properly determine the purpose and nature of business relationships, and lacked proper source-of-funds verification and transaction monitoring. Moreover, its automated systems failed to effectively screen for politically exposed persons (PEPs) and sanctions-list matches. This enforcement underlines Georgia’s increasing regulatory focus on crypto-asset providers.
Kuwait police bust KD 153,000 online gambling and money-laundering ring
Law-enforcement authorities in Kuwait have dismantled an online-gambling scheme through which more than KD 153,000 was laundered. The funds were routed via a medical clinic and a commercial company in Kuwait, then transferred abroad to obscure origin. This case exemplifies how illicit proceeds tied to digital-gambling channels are being integrated into legitimate business flows, and highlights Kuwait’s heightened vigilance on the nexus between gambling and money-laundering.
UAE enacts sweeping new AML law: Federal Decree-Law No. 10 of 2025
The United Arab Emirates has introduced a comprehensive new anti-money-laundering statute—Federal Decree-Law No. 10 of 2025 on Combating Money Laundering, Terrorism Financing and the Financing of Proliferation—which repeals its 2018 predecessor. Among the key reforms: the inclusion of proliferation financing as a predicate offence; lower thresholds of proof (“should have known” standard) for ML/TF/PF offences; expanded liability for legal entities and senior managers; explicit coverage of virtual assets and digital systems; and stronger enforcement and asset-freezing powers for authorities. Businesses operating in or entering the UAE must review and enhance their AML/CTF/CPF frameworks to align with the enhanced regime.
Stay informed with our weekly digest, bringing you the most impactful news from around the globe. Thank you for reading!
Subscribe to our weekly Newsletter – Click Here
Empower your organization with ZIGRAM’s integrated RegTech solutions – Book a Demo
- #AML
- #FinancialCrime
- #MoneyLaundering
- #Compliance
- #RegTech
- #Sanctions
- #FraudPrevention
- #GlobalRegulation
- #CryptoCrime
- #LegalUpdates
- #AUSTRAC
- #FATF
- #FinCrime
