Luxembourg Penalises Rakuten Bank Over Compliance Lapses

Luxembourg’s financial watchdog has fined Rakuten Europe Bank after finding weaknesses in its anti-money laundering systems. The regulator said the bank did not properly monitor transactions and failed to act on risk alerts for a long period.

The inspection revealed that some compliance tools were outdated and several alerts linked to customer checks were left unresolved. These gaps increased the risk of financial misuse and showed weak internal controls.

Rakuten Europe Bank has acknowledged the issues and stated that it is taking steps to improve its systems and processes. The action highlights Luxembourg’s strict approach to enforcing financial regulations.

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amlintelligence.com/2026/01/news-luxembourg-fines-japanese-lender-rakuten-bank-for-aml-failings

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