Alipay fined €214,000 in Luxembourg for monitoring, reporting, CDD breaches

Alipay (Europe) Limited S.A, an electronic money institution (EMI), was ordered to pay €214,000 (US$249,385) by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg, on 19 May, for anti-money laundering compliance breaches found during an onsite inspection between 26 June 2023 and 31 January 2024.

Alipay (Europe) Limited S.A, an electronic money institution (EMI), was ordered to pay €214,000 (US$249,385) by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg, on 19 May [2025] [1], for anti-money laundering compliance breaches found during an onsite inspection between 26 June 2023 and 31 January 2024.