Category: Banking

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Deutsche to pay over half a million to US for sanction violations

JPMorgan Chase investigating customers and employees over Coronavirus payment program

Film producer surrenders over $60 million in money laundering settlement

UK’s Financial Regulator publishes new financial crime reporting requirements

Credit Suisse under fire from Belgian authorities amid tax evasion allegations

Goldman Sachs finalise Billion dollar settlement over 1MDB scandal

Former PM of Malaysia sentenced to twelve years in prison on corruption charges

Sparkasse slapped with €217,000 fine by Malta’s AML watchdog

Bellingcat reveal disgraced Wirecard COO’s whereabouts

Danske Bank to boost AML procedures following FSA inspection

Deutsche Bank investors seek damages after multi-million dollar payout

Wirecard subsidiary CEO confesses wrongdoing in scandal

...

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