Category: North America

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SARAH BETH: AML lessons from $65M fine for RBC’s US subsidiary City National Bank

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NEWS: Two Canadian banks, RBC and CIBC fined total of C$9M for failure to submit STRs; disproportionate penalty, says RBC of C$7.5M penalty

NEWS: Yellen heads to Mexico to combat illicit finance, boost cooperation on fentanyl trafficking

VERDICT: Bankman-Fried found guilty of stealing $8BN from his crypto customers in a ‘fraud as old as time’

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SARAH BETH: What FinCEN’s $15M penalty against Shinhan Bank means; and why aren’t vendors culpable?

NEWS: ACAMS ends months of speculation to finally confirm CEO Liles is quitting, search on for new chief

INSIGHT: What’s going on at ACAMS? Company silent on speculation of changes at the top as rivals circle

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NEWS: Canada’s TD Bank expects to be hit with fines and other penalties by the US over its AML compliance

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NEWS: Top US sanctions architect Andrea Gacki to lead Treasury’s financial crimes team, FinCEN – Yellen

NEWS: Four Chinese chemical producers and eight individuals charged by US over fentanyl trafficking

BREAKING: Binance founder Zhao operated ‘web of deception,’ artificially inflated trading volumes, diverted customer assets – SEC says

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NEWS: Austrian bank chief can be extradited to US on money laundering conspiracy charge, court rules

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Five-country operation targets cigarette smuggling network operating from the UK
Europol
March 24, 2026
A large organised crime group suspected of smuggling counterfeit cigarettes into Europe has been targeted in a coordinated operation across five countries on 24 March. The action day, led by the European Public Prosecutor’s Office (EPPO) in Turin, Italy, took place in Italy, Poland, France, the United Kingdom and Switzerland with Europol’s support.
London and its parent company Oplyse Holdings Limited £2m for failing to act with integrity and misleading the PRA over their capital position
Prudential Regulation Authority
March 24, 2026

The Prudential Regulation Authority (PRA) has fined The Bank of London Group Limited and Oplyse Holdings Limited (formerly The Bank of London Group Holdings Limited) £2 million for misleading the PRA over their capital positions, failing to act with integrity, failing to be open and cooperative with the regulator and failing to maintain adequate financial resources.
Festgeldplan(.)com: BaFin warns about website and identity fraud
BaFin
March 24, 2026
The German Financial Supervisory Authority (BaFin) warns about offers from the website festgeldplan(.)com. According to information available to BaFin, the unknown operators of the website are offering financial services without the required authorisation. They give the impression that their offers originate from WPV Advisory & Asset Management GmbH & Co. KG, which is supervised by BaFin. It is a case of identity fraud. WPV Advisory & Asset Management GmbH & Co. KG has no connection with the website or the financial services offered there.