Alipay Fined by Luxembourg Regulator for Anti-Money Laundering Breaches
Listen to the full version

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.

Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.
Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.
- DIGEST HUB
- 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.
- 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.
- 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.
- May 2025:
- The fine against Alipay (Europe) Ltd. SA was formally issued by the CSSF.
- PODCAST
- MOST POPULAR