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FINTRAC issues alert on laundering the proceeds of illicit synthetic opioids, and a few related updates
The Alert is meant to support reporting entities in recognizing financial transactions suspected of being related to the trafficking of synthetic opioids.
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GRIP’s ‘most read’ contributed stories in 2024
Compliance and legal professionals will remember 2024 as a year of considerable regulatory activity, major developments in technology, and the inevitable, routine mistakes.
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GRIP’s ‘most read’ stories in 2024
Compliance and legal professionals will remember 2024 as a year of considerable regulatory activity, major developments in technology, and the inevitable, routine mistakes.
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Canada’s consumer regulator fines TD bank over rebate failures
The relatively small fine is added to a list of massive penalties the beleaguered Canadian bank has recently sustained.
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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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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.
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TD Bank anticipates $2.6 billion hit for lax AML controls
The potential size of the fine means that the bank will partially offset it by sale of Schwab shares.
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TD Bank’s long-running AML case – fentanyl sales link now alleged
The latest probe focuses on how Chinese crime groups used the lender to hide money derived from US fentanyl sales.