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NEWS: Canadian banking regulator OSFI calls for lenders to ‘redouble’ AML surveillance

Premium May 13, 2024

VIGILANCE: Peter Routledge (R), superintendent at Office of the Superintendent of Financial Institutions (OSFI), made the call following a series of AML issues at TD Bank, the country’s second largest lender.
Routledge said that all industry players should enact tighter AML practices due to increased risks around digitalisation and geopolitical issues. “It is incumbent upon regulators and boards of directors to redouble efforts on surveillance detection and response,” he said.

NEWS: Leading organised and serious crime garda has flagged protests doubled, mainly anti immigration rallies, within just one year.

NEWS: Jim Lee praises PPPs and shares how they have helped secure major cases, including shutting down a dark web child porn ring

NEWS: Antoine Magnant, director of TRACFIN, has told the European Anti-Financial Crime Summit (EAFCS) that PPPs collaborating may aid democracy across Europe.

By PAUL O’DONOGHUE, Senior Correspondent THE HEAD of Canada’s banking regulator has asked for lenders to increase their surveillance efforts to tackle possible money laundering transactions. Peter Routledge, superintendent at the Office of the Superintendent of Financial Institutions (OSFI), made the call following a series of AML issues at TD Bank, the country’s second largest…

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NEWS: Leading organised and serious crime garda has flagged protests doubled, mainly anti immigration rallies, within just one year.

NEWS: Jim Lee praises PPPs and shares how they have helped secure major cases, including shutting down a dark web child porn ring

NEWS: Antoine Magnant, director of TRACFIN, has told the European Anti-Financial Crime Summit (EAFCS) that PPPs collaborating may aid democracy across Europe.

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