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Tag: Fine

Payment Systems Regulator fines five companies in prepaid card cartel

The UK’s Payment Systems Regulator (PSR) has issued fines to Mastercard, allpay, Advanced Payment Solutions, Prepaid Financial Services and Sulion.

NatWest hit with first criminal charge pursued by FCA

National Westminster Bank (NatWest) has been fined £264m for three accounts of money laundering failures.

UBS issued $500,000 fine from CFTC

The Commodity Futures Trading Commission (CFTC) has issued a $500,000 fine to UBS for alleged violations of audio recording regulations.

N26 pays €4.5m fine for delays to reporting suspicious activity

Germany digital bank N26 has been issued a €4.5m fine from the Federal Financial Supervisory Authority (BaFin) for its delay in submitting reports around AML.

India’s Enforcement Directorate warns Flipkart of potential $1.3bn fine

India’s Enforcement Directorate has reportedly warned e-commerce giant Flipkart it could be faced with a $1.35bn fine for foreign investment law violations.

US SEC issues $5m penalty to Morgan Stanley for misleading clients

The US’ Securities and Exchange Commission (SEC) has issued a $5m penalty to Morgan Stanley Smith Barney after it providing misleading information to clients in its retail wrap fees programmes.

Dubai Financial Services Authority fines former Deutsche Bank head of compliance

The Dubai Financial Services Authority (DFSA) has fined former Deutsche Bank head of compliance Anna Waterhouse.

Equifax to pay up to $700m to settle data breach

Equifax, a credit scoring company, will pay up to $700m to the US regulator as a result of a data breach in 2017.

European Commission fines MasterCard €570m for antitrust breach

The European Commission has fined MasterCard €570m for breaching EU antitrust rules. Mastercard was fined due to it ‘limiting the possibility for merchants to benefit...

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