• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
Revolut-Bank-Fined-€3.5-Million-for-Breaching-Anti-Money-Laundering-Rules

Revolut Bank Fined €3.5 Million for Breaching Anti-Money Laundering Rules

04/08/2025
EU and UK Agreement Set to Boost Trade and Ease Tariff Burdens Across the Supply Chain

EU and UK Agreement Set to Boost Trade and Ease Tariff Burdens Across the Supply Chain

06/05/2025
UK Rail Freight Expansion Strengthens Supply Chain Resilience and Lowers Tariff-Linked Costs

UK Rail Freight Expansion Strengthens Supply Chain Resilience and Lowers Tariff-Linked Costs

06/05/2025
London’s EV Congestion Charge Review Signals Policy Shift with Trade and Tariff Implications

London’s EV Congestion Charge Review Signals Policy Shift with Trade and Tariff Implications

06/05/2025
Global Air Cargo Alliance Led by Carriers from Qatar, UK, and Malaysia to Boost Trade Connectivity and Tariff Efficiency

Global Air Cargo Alliance Led by Carriers from Qatar, UK, and Malaysia to Boost Trade Connectivity and Tariff Efficiency

06/05/2025
Germany’s Hamburg Port Expands Shore Power to Cut Emissions and Prepare for Future Tariffs

Germany’s Hamburg Port Expands Shore Power to Cut Emissions and Prepare for Future Tariffs

06/05/2025
UK Temporarily Exempted from U.S. Metal Tariff Increase

UK Temporarily Exempted from U.S. Metal Tariff Increase

06/04/2025
Trump Pushes Tariff Hikes Amid Legal Obstacles

Trump Pushes Tariff Hikes Amid Legal Obstacles

06/04/2025
U.S. trade deal efforts challenged by tight deadlines and tariff issues.

U.S. trade deal efforts challenged by tight deadlines and tariff issues.

06/04/2025
OECD Cuts U.S. Growth Forecast Over Rising Trade Costs

OECD Cuts U.S. Growth Forecast Over Rising Trade Costs

06/04/2025
U.S. Steel and Aluminium Tariffs Raised to 50%

U.S. Steel and Aluminium Tariffs Raised to 50%

06/04/2025
Tariff Hikes on Steel and Aluminum to Raise Consumer Prices

Tariff Hikes on Steel and Aluminum to Raise Consumer Prices

06/03/2025
U.S. Tariffs Add Pressure to China and EU Trade Talks

U.S. Tariffs Add Pressure to China and EU Trade Talks

06/03/2025
supplychainreport
Saturday, June 7, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

Revolut Bank Fined €3.5 Million for Breaching Anti-Money Laundering Rules

by Giezel Garcia
04/08/2025
in Anti-Money Laundering (AML), Compliance

The Bank of Lithuania has imposed a €3.5 million fine on Revolut Bank, a Lithuania-registered entity of the UK-based financial services group Revolut, for failing to comply with anti-money laundering regulations.

YOU MAY ALSO LIKE

Liberia’s Lonestar Cell MTN Mobile Money Fined for AML/CFT Compliance Failures

AI in Risk Management: Current Applications, Future Potential, and Limitations

The penalty follows a scheduled inspection by the Bank of Lithuania, which identified irregularities and deficiencies in Revolut Bank’s monitoring of business relations and transactions. The central bank stated that these shortcomings led to situations where the bank did not always properly identify suspicious financial activities or transactions.

In response, Revolut Bank affirmed its commitment to maintaining high standards of regulatory compliance and stated that it cooperated with the Bank of Lithuania to address the identified issues. The company also emphasized its ongoing investment in improving controls to prevent financial crime.

The Bank of Lithuania noted that while the investigation did not uncover any confirmed instances of money laundering, the fine was determined based on the scale, duration, and nature of the violations, as well as the annual revenue of Revolut’s managing company, Revolut Holdings Europe.

Revolut has taken corrective actions, including developing and agreeing on a remediation plan, and has entered into an administrative settlement agreement with the Bank of Lithuania at its own request.

Stay current with supply chain report news at The Supply Chain Report. For international trade resources, visit ADAMftd.com.

#RevolutFine #AntiMoneyLaundering #FinancialRegulation #BankCompliance #AMLViolations #EUFinance #FintechRegulation

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.