• Vixio has tracked about €36m in fines issued to e-money and payment providers in the space of 12 months
• AML enforcement is an increasingly difficult challenge for firms that need to secure expert help
• Long-term business viability will depend on companies’ ability to navigate these challenges

Vixio, a company that specializes in regulatory intelligence solutions, has published a new report, that indicated that between Marh 2024 and March 2025, regulators across Europe issued fines totaling €36m due to various money-laundering shortcomings.

Vixio addresses AML-related penalties issued against gambling firms

Vixio’s AML Outlook has been specifically tailored to offer a 360-degree look at the challenges of complying with AML requirements across jurisdictions all over the world. The report also offers insight into how payments and gambling firms can prevent falling foul of such regulations in the first place.

With around 30 enforcement actions from regulators in Europe tied to AML and CTF rules, Vixio is keen to raise awareness for its services that help companies steer clear of such pitfalls. Vixio has cited practical examples of companies unwillingly breaching regulations.

Vixio Head of Payments Compliance, John Gidla, has offered further insight into the matter, commenting:

"Although AML compliance involves significant costs for payments firms - including investment in transaction monitoring systems, customer due diligence (CDD) processes, and ongoing staff training - the consequences of failure can be significant. In addition to financial penalties, failing to prevent money laundering can severely damage a firm’s reputation, leading to loss of customers, partners, and investor confidence. Maintaining a strong compliance framework is crucial for preserving trust and long-term business viability."

Vixio estimates that compliance with AML and CFT laws, as well as KYC procedures, is only going to become more important and require from companies to be prepared to address these challenges as they come their way.

In April, Vixio also introduced the company’s Workspace to help compliance teams achieve the desired results. Vixio was also named the Best RegTech Platform at the FinTech Breakthrough Awards program in March.

Image credit: Vixio