Top stories this week:
Santander Agrees to €22.5 Million Settlement in Tax Fraud and Money Laundering Probe | US Treasury Proposes Central Role in AML Enforcement
Welcome to this week's edition of the KYC Roundup, your gateway to the most impactful developments in the world of Anti-Money Laundering (AML) and financial crime. In the AML arena, Santander agrees to €22.5 million settlement in a long-running tax fraud and money laundering probe, and the US Treasury proposes a central role in AML enforcement.
In the fast-paced world of sanctions, the US House votes to roll back Caesar Act sanctions on Syria, and Standard Chartered settles $1.5bn investor lawsuit related to Iran sanctions.
In the corruption space, the Bulgarian government has resigned after mass anti-corruption protests.
We round off this week’s roundup with details of our inclusion in the RegTech 100 2026 and a review of the past year in global financial crime.
KYC & AML
Santander agrees to €22.5m settlement in tax fraud and money laundering probe
Spanish bank Santander has agreed to pay €22.5 million to resolve a long-running investigation by French prosecutors into alleged aggravated tax fraud and money laundering.
Former DEA official charged over alleged cartel support
US prosecutors have indicted former senior DEA official Paul Campo, and another individual Robert Sensi, on charges that they agreed to launder $12m for a Mexican drug cartel.
Swiss supervisors OSFIN and FINcontrol granted approval to merge
FINMA has granted approval for the merger of two Swiss supervisory organisations, FINcontrol Suisse AG and the Organisation de Surveillance Financière based in Neuchâtel (OSFIN).
US Treasury proposes central role in AML enforcement
The US Treasury has outlined proposals that would give it, through FinCEN, a more central role in enforcing AML rules. Under the plan, FinCEN could review and potentially veto some enforcement actions by other banking regulators related to Bank Secrecy Act violations.
Paxful pleads guilty to US federal charges and accepts $7.5m in AML penalties
Peer-to-peer crypto trading platform Paxful has pleaded guilty in the US to wilfully violating the Bank Secrecy Act by operating without an effective AML programme. The platform made millions while knowingly processing transactions for criminals.
Argentine Football Association raided over money laundering allegations
Argentine federal police have raided the headquarters of the Argentine Football Association (AFA) and several top-flight clubs as part of a large money-laundering and tax-evasion investigation.
Sanctions
US House votes to roll back Caesar Act sanctions on Syria
The US House of Representatives has passed legislation to repeal the Caesar Act sanctions on Syria.
Standard Chartered settles $1.5bn investor lawsuit related to Iran sanctions
Standard Chartered has reached a settlement in a long-running UK investor lawsuit that alleged the bank misled investors about its compliance with sanctions against Iran.
Corruption
Bulgarian government resigns after mass anti-corruption protests
Bulgaria’s prime minister and his government have resigned following weeks of large-scale protests over corruption allegations and its economic policies.
KYC360 News
KYC360 named among world’s leading RegTech innovators in 2026
KYC360 is proud to be named among the world’s leading RegTech innovators in the RegTech100 2026. This recognition highlights the impact of our Screening, Onboarding and CLM solutions in supporting regulated organisations to meet compliance obligations, while driving commercial outperformance.
Global AML Roundup 2025
From record-breaking AML fines and regulatory crackdowns to intensifying sanctions and corruption trials, it has been an eventful year in financial crime. In our Global AML Roundup for 2025, we highlight the biggest enforcement actions, regulatory updates, and provide insights to help compliance teams navigate evolving risks
Your latest weekly update from the worlds of money laundering, legislation and regulation, sustainability, gaming and gambling, crypto and sanctions.
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