Other news includes Microsoft state cyberattack appeals, greenwashing claims against Canadian banks, Northvolt files for bankruptcy and Chinese firms expand California presence.

Other news includes obesity crisis in America, CFTC awards to whistleblowers, COP29 tensions and pension reforms in the UK.

The relatively small fine is added to a list of massive penalties the beleaguered Canadian bank has recently sustained.

Stop blaming inferior AML software and arrest the individual responsible for the crime, says former federal agent Robert Mazur.

Also in the news this week performance needs to improve at Boeing, 100m people affected by UnitedHealth data breach, Intel wins big in the EU courts and a hefty fine for LinkedIn.

The fines totalled over $115m – with one firm dodging the bullet but still finding sympathy from two dissenting commissioners.

Failure to prevent being used as a conduit for laundering money – despite its investment in AML technology – could see the bank fined $4 billion.

Regulation could be the means to assuage worries about where AI could take us – but how we regulate is still the cause of much debate.