Top stories this week:
JPMorgan Fined €45m by German Regulator for AML Failings | Coinbase Fined €21.5m by Irish Central Bank for AML breaches
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, JPMorgan is fined €45m by the German regulator for AML failings, and Coinbase is fined €21.5m by the Irish Central Bank for AML breaches.
In the fast-paced world of sanctions, the U.S. applies sanctions against North Korean bankers.
In the corruption space, Argentina opens the biggest corruption trial in its history.
We round off this week’s roundup with details of our inclusion in the RiskTech100® for 2026.
KYC & AML
JPMorgan fined €45m by German regulator for AML failings
The Frankfurt-based subsidiary of JPMorgan Chase & Co was handed a record fine by the German financial watchdog BaFin for systemic failures in submitting suspicious transaction reports on time between October 2021 and September 2022.
Coinbase fined €21.5m by Irish Central Bank for AML breaches
Ireland’s Central Bank fined Coinbase Europe €21.5m for AML breaches that occurred between April 2021 and April 2025. Failures in its transaction monitoring system resulted in over 30 million transactions not being properly monitored over a 12-month period.
Eurojust coordinates crackdown against €300m credit card fraud network
Eurojust’s “Operation Chargeback” led to 18 arrests across nine countries targeting a network accused of stealing over €300 million through credit card fraud.
Victoria Gate Casino licence suspended over AML breaches
The UK Gambling Commission has suspended the licence of Victoria Gate Casino in Leeds following serious failures in governance and risk management related to AML and CTF controls.
Prosecutors seize millions in assets from Cambodian cybercrime group
Authorities in Cambodia and Taiwan have seized millions of dollars in cash and assets from individuals linked to the “Prince Group” cyber-fraud network operating across Southeast Asia.
Sanctions
U.S. applies sanctions against North Korean bankers
The U.S. Treasury Department has applied sanctions against eight individuals and two entities accused of being involved in cyberattacks and money laundering schemes.
Corruption
Argentina opens biggest corruption trial in its history
Former President Cristina Fernández de Kirchner and 86 other defendants have gone on trial in Argentina’s largest-ever corruption case, facing charges linked to bribery involving public works contracts during her presidency.
KYC360 News
KYC360 Recognised in Chartis RiskTech100® 2026
KYC360 is proud to be included in the prestigious RiskTech100® rankings for 2026. This achievement underlines our position as a RegTech leader and is a testament to the dedication of our team in delivering world-class Screening, Onboarding, and Customer Lifecycle Management (CLM) solutions.
Your latest weekly update from the worlds of money laundering, legislation and regulation, sustainability, gaming and gambling, crypto and sanctions.
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