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Cyprus central bank fines Banque SBA €750,000 over AML breaches

Original: NEWS: Cyprus central bank fines Banque SBA €750,000 over AML breaches

The Central Bank of Cyprus has fined Banque SBA €750,000 for breaches of anti-money laundering rules. The penalty is the latest in a series of regulatory actions by European authorities against lenders with weak compliance controls, and is being followed by banking and compliance professionals monitoring AML enforcement across the region.

Why now: Regulators continue to tighten scrutiny of anti-money laundering compliance, making new enforcement actions newsworthy for the banking sector

Central Bank of CyprusBanque SBACyprus

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• NEWS: Cyprus central bank fines Banque SBA €750,000 over AML breaches · AML Intelligence

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