Anti-Money Laundering

TD Bank Pays $20 Million to Resolve Spoofing Case
TD Bank Pays $20 Million to Resolve Spoofing Case
September 30, 2024  |  Legal

TD Bank is reportedly settling a case involving illegal “spoof” orders by a former trader. The Canadian bank will pay more than $20 million as...

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Report: TD Bank in Talks About Money Laundering Plea
Report: TD Bank in Talks About Money Laundering Plea
September 29, 2024  |  AML

TD Bank is reportedly close to a possible plea related to its anti-money laundering measures. The Canadian bank is in discussions with U.S. prosecutors over...

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FinCEN Says ABLV Bank No Longer of Primary Money Laundering Concern
FinCEN Says ABLV Bank No Longer of Primary Money Laundering Concern
September 26, 2024  |  AML

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) has withdrawn its finding that ABLV Bank, AS is a financial institution of primary money laundering concern, because the...

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Revolut Chair, Others Eye Buying Monaco’s Banque Havilland
Revolut Chair, Others Eye Buying Monaco’s Banque Havilland
September 23, 2024  |  Acquisitions

Revolut’s chairman is reportedly part of a group aiming to purchase part of Banque Havilland. Martin Gilbert is among the investors in talks to buy the Monaco-based arm...

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Oracle Launches Financial Crime and Compliance Management Service
Oracle Launches Financial Crime and Compliance Management Service
September 17, 2024  |  Security & Fraud

Oracle has launched a new service designed to help banks, FinTechs and other financial services companies identify potential financial crime and compliance issues and reduce...

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Wells Fargo Pledges to Fix AML Program After OCC Agreement
Wells Fargo Pledges to Fix AML Program After OCC Agreement
September 12, 2024  |  Bank Regulation

Trouble with federal regulators continues for Wells Fargo. The Office of the Comptroller of the Currency (OCC) said Thursday (Sept. 12) that it has signed...

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The Convenience-Compliance Conundrum in Cross-Border B2B Payments
The Convenience-Compliance Conundrum in Cross-Border B2B Payments
September 03, 2024  |  B2B Payments

Seamless cross-border B2B payments remain one of the white whales of the connected economy. And with the news Friday (Aug. 30) that Bridge has raised an...

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Nordea Reaches Settlement With New York DFS Over Compliance Failures
Nordea Reaches Settlement With New York DFS Over Compliance Failures
August 27, 2024  |  Legal

Nordea Bank Abp has reached a settlement with the New York State Department of Financial Services (DFS) after the regulator determined that the bank had compliance...

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TD Bank Puts Aside $2.6 Billion for Money Laundering Investigation
TD Bank Puts Aside $2.6 Billion for Money Laundering Investigation
August 22, 2024  |  Banking

Lapses in its anti-money laundering (AML) program continue to cost Toronto-Dominion Bank (TD Bank). The lender announced third-quarter earnings Thursday (Aug. 22) that include a $2.6 billion provision related...

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