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OPINION: It’s not the system, it’s the people – TD Bank scandal through a different lens
Stop blaming inferior AML software and arrest the individual responsible for the crime, says former federal agent Robert Mazur.
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The 2024 regulatory landscape and thoughts on a post-US-election version
The US election campaign is, perhaps predictably, closing amid sound and fury. We step back to take a measured view of America’s prospects.
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Tether faces US inquiry about alleged AML and sanctions violations
But the world’s biggest stablecoin denies the WSJ’s reports that it is being investigated for possible AML and sanctions violations.
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TD Bank pleads guilty to AML failures, receives record-smashing $3bn+ in penalties, growth cap
“By making its services convenient for criminals, TD Bank became one,” said Attorney General Merrick B Garland.
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What are the Consumer Duty impacts across the payments sector value chain?
How to demonstrate a positive influence on customer outcomes.
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UK regulator fines Starling Bank £29m for ‘shockingly lax’ screening controls
Mark Taylor of Ibex Compliance identifies the key learning points from the FCA’s action against Starling Bank.
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FCA work in review September 17 – 23, 2024
Our at-a-glance guide to recent FCA activity.
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Is TD Bank’s massive fine yet another Band-Aid on a broken AML system?
Failure to prevent being used as a conduit for laundering money – despite its investment in AML technology – could see the bank fined $4 billion.