Category: Compliance

Page 128/135

FATF Travel Rule for VASPs has many challenges, including risk information gets lost in transactions – conference is told

First FATF virtual plenary takes place amid increased AML risks from COVID and looming decisions on ‘grey list’ countries

EU imposes sanctions on Russian military intelligence chief

Data watchdog finds that Europol may have mishandled vast quantities of personal information

19 charged in major Czech football bribery probe. Association director admits having ‘no solution to this problem’

Legal action begins against Cyprus and Malta over controversial citizenship scheme, Commission says ‘European values are not for sale.’

British AML efforts ‘could be seen to look like asking the fox to guard the henhouse’- expert

Top official at Central Bank of Ireland tells firms of ‘focused, intrusive and challenging’ inspections

G20 gives thumbs-up to Task Force AML effort amid COVID challenges

UK firms risk penalties for shortcomings in AML law compliance – ten months after laws came into force

Woman arrested in €500k Vatican embezzlement probe as Vatican commits to tougher measures

Over 1,300 accounts frozen in $125 million laundering probe into Mexican drug cartels

...

...

Toronto-Dominion Bank
June 13, 2025
The Council on Ethics recommends that Toronto-Dominion Bank (TD) be placed under observation due to an unacceptable risk that the company is contributing to, or is itself responsible for, serious financial crime, pursuant to section 4(g) of the Guidelines for Observation and Exclusion of Companies from the Government Pension Fund Global. TD is one of the largest banks in Canada. It also has a significant presence along the USA’s eastern seaboard. The company has more than 95,000 employees worldwide. The Council’s investigations have found that TD may be linked to multiple cases of financial crime the past 10–15 years.
Shaping the EU Anti-Fraud landscape: OLAF’s Helsinki Conference gathers specialists from all Member States
OLAF
June 13, 2025
More than 100 anti-fraud experts from across the European Union met this week in Finland for the 2025 Helsinki OLAF Conference aimed at defining the next chapter in EU anti-fraud action. Organised by the European Anti-Fraud Office (OLAF) on 11-12 June, the event brought together representatives from EU Member States’ Anti-Fraud Coordination Services as well as key EU bodies involved in protecting the Union’s financial interests.
Scam alert related to banks
HKMA
June 13, 2025
The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to the press release issued by the bank listed below relating to fraudulent websites, internet banking login screens, phishing emails or other scams, which has been reported to the HKMA. Hyperlink to the press release is available on the HKMA website.

Bank Type of Scam

Chong Hing Bank Limited Fraudulent website and internet banking login screen