Zenoo Compliance Brief
Lithuania fines Payeer €9.3m for AML and sanctions failures
Plus, OCC issues cease and desist order against Bank of America, OFAC designates Iranian individual Nasser Ghasemi Rad, and GAFA identifies real-time monitoring and crypto KYC as 2026 priorities.
5 February 2026 · 4 min read
Lithuania's regulator has handed payment platform Payeer a €9.3m fine for serious AML breaches and sanctions evasion facilitation, signalling heightened scrutiny of SaaS providers and verification vendors. The penalty lands as the OCC moves against Bank of America, OFAC expands its Iran designations list, and the Global AML Forum flags real-time monitoring and crypto KYC as critical control gaps for next year. Three separate enforcement actions. One clear message: compliance gaps still cost money.
In today's brief
- 1 How did Payeer's verification processes miss sanctions evasion red flags?
- 2 What does Bank of America's OCC enforcement action reveal about transaction monitoring blind spots across large banks?
- 3 How does a secondary sanctions designation affect your Iran screening protocols?
- 4 Will your transaction monitoring and crypto onboarding meet GAFA's 2026 expectations?
Subscribe to keep reading.
This content is free, but you must be subscribed to the Zenoo Compliance Brief to continue reading.
Free · Curated by compliance practitioners · Zero spam
Already a subscriber?