- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Martin Woods2020-05-05T16:59:00
If a bank or a firm cannot execute on the simple things, such as cash transaction reporting, there is little reason to be confident of compliance in other more complex and challenging areas.
You are not logged in and do not have access to members-only content.
If you are already a registered user or a member, SIGN IN now.
2020-09-25T15:53:00Z By Jaclyn Jaeger
Westpac is bracing for a record AUD$1.3 billion (U.S. $912.6 million) civil penalty issued by Australia’s financial crime regulator related to a money-laundering scandal and the facilitation of child exploitation in the Philippines and Southeast Asia.
2020-06-12T16:24:00Z By Martin Woods
By balking at original allegations, Westpac opened itself to infinitely more harm, writes financial crime expert Martin Woods.
2020-06-05T16:27:00Z By Aaron Nicodemus
An internal report outlining compliance failures by Australia-based financial institution Westpac that led to 23 million breaches of the country’s AML/CTF laws concluded “a mix of technology and human error” were to blame.
2025-04-15T07:30:00Z By Aaron Nicodemus
The Consumer Financial Protection Bureau dropped yet another consumer protection lawsuit against a bank or fintech provider since Donald Trump was sworn in as president in January. This time, it was with Comerica Bank.
2025-04-11T08:00:00Z By Adrianne Appel
Block Inc., maker of the popular Cash App, has been hit with a $40 million fine by New York for its alleged failure to report suspicious activity. The move marks the latest in a string of recent state and federal enforcement actions against the company.
2025-04-08T18:18:00Z By Oscar Gonzalez
The U.S. Department of Justice (DOJ) disbanded its crypto investigation unit on Monday, marking another step from President Donald Trump to support the crypto industry and lighten the regulatory burden of potential crypto crime investigations that had started under the Biden administration.
Site powered by Webvision Cloud