United Overseas Bank fined by India regulator for compliance lapses
United Overseas Bank (UOB) has been fined INR10m ($1,40,940) by the Reserve Bank of India (RBI) for failing to comply…
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Raphaels Bank hit with fine for poor outsourcing arrangements
British lender Raphaels Bank has been fined £1.89m by the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) for…
RBI fines 19 lenders for breaching SWIFT use guidelines
A total of 19 Indian lenders, including SBI and ICICI Bank, have been penalised by the Reserve Bank of India…
HSBC fined in South Africa for inadequate AML controls
HSBC’s South African arm has been fined ZAR15m ($10,44,472.5) by the South African Reserve Bank’s Prudential Authority. The HSBC fine…
HSBC fined $765m for sale of toxic securities
HSBC has agreed to pay $765m to the US Department of Justice (DOJ) to settle claims of mis-selling residential mortgage-backed…
UK fines India’s Canara Bank for money laundering failures
UK’s financial regulatory body Financial Conduct Authority (FCA) has imposed a fine on the UK division of India’s Canara Bank…
South African Reserve Bank fines two banks
The South African Reserve Bank (SARB) has imposed administrative fines amounting to ZAR77.5m ($6.17m) on two banks. The two banks,…
Meridian Trade Bank fined by Latvian FCMC for money laundering
Meridian Trade Bank has been fined by Latvia’s banking watchdog Financial and Capital Market Commission (FCMC) for violating money laundering…