Spain-based financial institution CaixaBank has received a EUR 30 million fine from the Anti-Money Laundering Supervisory Authority (Sepblac) over AML failings. Representing one of the most significant AML penalties imposed in Spain, the fine comes as a result of a real estate deal from nearly a decade ago, which involved the sale of a Madrid skyscraper. Under resolution BOE-A-2025-26201, a fine of EUR 17.6 million was published in the Official State Gazette (BOE) on 11 Dece

Mr Currie was convicted in 2023 and sentenced to 2 years 6 months imprisonment for defrauding investors through the collapsed peer-to-peer lending platform Collateral (UK) Ltd. He diverted funds from Collateral investors and used them for personal gain, including the purchase of a property in Spain. At a hearing at Southwark Crown Court on 9 January 2026, Mr Currie was ordered to pay £265,523.96. This amount represents the total value of assets the court determined were still

Complex ETPs are a subset of the wider ETP market and include high-risk investment strategies that can be difficult for retail consumers to understand. We assessed how firms of different sizes and business models evaluate these products, communicate key risks and monitor outcomes under the Consumer Duty. Given the complexity and risk profile of ETPs, it is essential firms make sure investors have the knowledge they need to make informed investment decisions. We found some fir

South Korea has announced major anti-money laundering penalties on crypto exchange Bithumb as the country continues a crackdown on defaulters. Bithumb underwent its Financial Intelligence Unit (FIU) inspection in March 2025 and has now been found culpable by the authorities. According to reports from local media, the crypto exchange has now been fined heavily for violating domestic regulations. In its statement, the FIU claimed that it discovered several compliance failures a

Cambodia says it has extradited to China a billionaire businessman accused of masterminding a vast cryptocurrency scam in which trafficked workers were lured to forced labour camps to defraud victims globally. Chen Zhi was among three Chinese nationals arrested on 6 January after a joint investigation into transnational crime lasting several months, Cambodia said. The US charged the 37-year-old last October with running internet scams from Cambodia that it said had stolen bil

A professional money launderer whose criminal enterprise generated more than $120 million for customers must forfeit half a million to the Crown. Musabayoufu Fuati and his co-offender, Daniel Hu, both served sentences of home detention for their crimes, which included laundering money for drug dealers, smugglers and fraudsters. The pair used false identities and a network of disposable “money mules” to make $123 million in cash deposits over three years for their foreign exch

The FCA has fined 2 former finance directors for their part in misleading statements being issued by Carillion plc. Richard Adam and Zafar Khan were both aware of serious financial troubles in Carillion’s UK construction business but failed to reflect this in company announcements or alert the Board and audit committee, leading to poor oversight. Mr Adam and Mr Khan have been fined £232,800 and £138,900, respectively. The fines were imposed after Mr Adam and Mr Khan withdrew

We want a market where innovation can thrive, but where people understand the risks. Regulation cannot – and should not – remove all risk. Instead, it should make sure anyone investing in crypto does so with their eyes open. Our proposals apply a similar approach to crypto as we do in traditional finance: clear information for consumers, proportionate requirements for firms, and flexibility to support innovation. What we’re consulting on Admissions and disclosures – Rules for