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ECB Bars Revolut from New EEA Products, Italy Fines €11.5M

6/10/2026

Summary

Story summary

European Central Bank (ECB) barred Revolut Bank UAB from launching new European Economic Area (EEA) products after a July 2024 warning that its financial-crime controls were deficient.
The ban allows products to continue but halts all new launches until a compliance and legal review is finished and products receive sign-off by specialists.
Authorities outside Europe have limited Revolut’s acquisitions and customer-expansion, with Italy fining €11.5 million for alleged misleading investment-product fee information.

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Story summary

European Central Bank (ECB) barred Revolut Bank UAB from launching new European Economic Area (EEA) products after a July 2024 warning that its financial-crime controls were deficient.
The ban allows products to continue but halts all new launches until a compliance and legal review is finished and products receive sign-off by specialists.
Authorities outside Europe have limited Revolut’s acquisitions and customer-expansion, with Italy fining €11.5 million for alleged misleading investment-product fee information.