- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Jeff Dale2024-01-29T22:43:00
Canada’s financial crimes regulator is reportedly preparing to issue its largest fine to date against TD Bank for faulty anti-money laundering (AML) controls.
The bank is facing a monetary penalty of more than 10 million Canadian dollars (U.S. $7.45 million) by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), theGlobe and Mail reported Friday.
When reached via email Monday, FINTRAC said it’s “prohibited from disclosing information on compliance actions that may or may not be ongoing or planned in relation to a specific business.”
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2024-05-01T17:34:00Z By Aaron Nicodemus
TD Bank said it set aside $450 million to settle regulatory and law enforcement investigations, including by the Department of Justice, into its anti-money laundering and Bank Secrecy Act programs.
2024-02-05T21:28:00Z By Aaron Nicodemus
The Reserve Bank of India ordered a halt to many banking activities of digital payments provider Paytm while the regulator investigates “persistent noncompliances and continued material supervisory concerns.”
2024-02-01T14:18:00Z By Aaron Nicodemus
A New York-based Bank Secrecy Act compliance officer facilitated more than $1 billion in high-risk international financial business through an “unsophisticated” institution, according to the Department of Justice and the Financial Crimes Enforcement Network.
2025-03-27T13:11:00Z By Jeff Dale
The U.K. Financial Reporting Council issued penalties against PwC and a former auditor over deficiencies on work related to the 2019 financial statements of now shuttered Wyelands Bank.
2025-03-27T12:49:00Z By Aaron Nicodemus
Yet another government contractor has been slapped with a fine by the Department of Justice for applying lax cybersecurity defenses on sensitive government data.
2025-03-26T18:48:00Z By Oscar Gonzalez
The European Commission released its preliminary findings last week regarding Apple and Google not complying with the Digital Markets Act. It issued orders to both companies regarding their business practice and plans to release all of its findings next week.
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