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Comment and Analysis

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Risk Management

Financial fraud in the UK: some statistics

Financial fraud losses totalled 755 million in 2015, an increase of a quarter on 2014. Fraud losses on British payment cards came to a total of 567.5 million and remote banking fraud losses stood at 168.6 mil...

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Fines and Punishment

NYDFS fines Taiwanese bank for AML sins

The New York Department of Financial Services has fined Mega Financial Holding, one of Taiwan's biggest banks, $180 million for the failure of its New York branch to guard against money-laundering, especially in...

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Risk Management

Culture and the blame game an expert's view

What obstacles lie in the way of a compliant culture at a bank? What disciplines can compliance officers bring to bear when tackling them? Here we interview an expert on 'culture,' Peter Richardson (pictured), t...

Latest News

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Fines and Punishment

Macquarie case comes to an end with A$400,000 fine

The Supreme Court of New South Wales has found that Macquarie Investment Management Ltd contravened the Australian Corporations Act by failing to comply with its duties as a responsible entity of the van Eyk Blu...

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Anti-Money Laundering

New AML laws on the way in Taiwan

Reports from Reuters suggest that the Taiwanese Government has reacted to the New York Department of Financial Services's decision to fine Mega Financial Holding $180 million by resolving to update its money-lau...

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Anti-Money Laundering

Sound sanctions enforcement regimes at banks: some examples

Compliance Matters recently attended a workshop hosted by Pekka Dare, the director of training, education and development at International Compliance Training Ltd and a world-renowned expert on terrorist finance...