Financial institutions and compliance teams worldwide face ongoing challenges in preventing financial crime, meeting regulatory requirements, and managing sanctions risks. January 2025 saw key developments across the MENAFATF region, Europe, the UAE, and the United States, highlighting the importance of regulator-ready talent and robust compliance frameworks.

MENAFATF Leadership Advances Strategic Plans

On January 6, 2025, MENAFATF leaders met in Jordan under UAE and Jordan presidencies to implement regional compliance priorities. The meeting, chaired by Samia Abu Sharif (Jordan) and Hamed Saif Al-Zaabi (UAE), focused on strengthening operational compliance and regional coordination.

MONEYVAL Follow-Up Reports: Estonia & Slovakia

The Council of Europe’s MONEYVAL published follow-up reports assessing Estonia and Slovakia’s progress against FATF recommendations, highlighting opportunities for continued improvement in regulatory compliance.

UAE-France Collaboration on Financial Compliance

On January 18, UAE officials met French authorities to enhance cooperation in combating financial and organized crime, supporting cross-border compliance initiatives.

UAE Updates Local Terrorist List

On January 8, the UAE added 19 individuals and entities to its Local Terrorist List, in line with national legislation.

US Treasury Sanctions Sudanese Armed Forces Leadership

On January 16, the US Treasury sanctioned specific Sudanese Armed Forces leadership and related entities to align financial oversight with conflict-related regulations.

BitMEX Fined $100 Million

Global crypto exchange BitMEX was fined for non-compliance with KYC and anti-money laundering rules, reinforcing the need for strong cryptocurrency compliance frameworks.

Robinhood SEC Settlement

Robinhood Markets resolved SEC allegations, paying $45 million to address securities compliance matters, emphasizing the importance of regulatory adherence for fintech companies.

FCA Review – Wholesale Brokers

The UK Financial Conduct Authority found opportunities to strengthen risk management, internal controls, and employee compliance training among wholesale brokers.