When Compliance Delays Cost Millions: Lessons from JPMorgan’s Record Fine
In early November 2025, Germany’s financial regulator, BaFin, imposed a €45 million fine on JPMorgan Chase Bank’s Frankfurt branch for systematically delaying suspicious activity reports (SARs) between 2021 and 2022. The case marks BaFin’s largest-ever penalty against a bank — and it sends a clear message: even the most sophisticated institutions are not immune from […]
UK AML Supervision Reform: A Shift Toward Unified Oversight
The UK government has announced a significant change to its anti-money laundering (AML) and counter-terrorist financing (CTF) supervision framework — one that could reshape how professional services firms are monitored and held accountable. What’s Changing Under the current system, AML/CTF supervision in the UK is shared across multiple professional body supervisors — covering lawyers, accountants, […]
