FINANCE

Alipay Fined by Luxembourg Regulator for Anti-Money Laundering Breaches

Published: Sep. 5, 2025 6:35 p.m. GMT+8

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Alipay’s European arm has been fined 214,000 euros (about $250,000) by Luxembourg’s financial regulator for violations of the country’s anti-money laundering and counterterrorist financing law.

The regulator, known as the CSSF, disclosed the penalty against Alipay (Europe) Ltd. SA Tuesday. The decision followed an onsite inspection conducted between June 2023 and January 2024, which uncovered compliance deficiencies. The fine was formally issued in May.

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Alipay (Europe) was fined €214,000 by Luxembourg’s CSSF for breaches of anti-money laundering and counterterrorist financing rules.
Failures included not reporting six suspected money laundering cases, inefficient risk alert procedures, and missing client identification documents.
The case highlights regulatory gaps in Alipay (Europe)'s risk controls, with the company cooperating and implementing corrective measures.

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Who’s Who

Alipay (Europe) Ltd. SA: Alipay (Europe) Ltd. SA, Alipay's European arm, was fined 214,000 euros by Luxembourg's financial regulator for violating anti-money laundering and counterterrorist financing laws. The fine resulted from an inspection between June 2023 and January 2024, revealing compliance deficiencies, including failure to report suspected money laundering, inefficient risk alert procedures, and missing identification documents for clients.

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What Happened When

Between June 2023 and January 2024：: An onsite inspection of Alipay (Europe) Ltd. SA was conducted by Luxembourg’s financial regulator (CSSF), uncovering compliance deficiencies.