Anti-Financial Crime & Financial Crime Compliance
Regulatory Intelligence Leadership | Insight | Network

Asia-Pacific, Banking, Compliance, Financial Services, News

NEWS: Australia’s ANZ bank considers alcohol ban for staff after bust ups on the trading floor

Premium August 30, 2024

BOOZE: A review at ANZ bank could lead to a ban on alcohol consumption during work hours as the bank seeks to address concerns over its internal environment. “That is on the table,” Elliott stated, referring to the potential alcohol ban, which would apply not only to traders but to all staff across the bank. Although no final decision has been made, Elliott acknowledged that such a measure could be a necessary step in restoring the bank’s reputation.

Premium

NEWS: Police raid Bank of Portugal in corruption probe

 Premium

NEWS: AUSTRAC warns crypto ATMs are enabling scams, threatens crackdown

 Premium

NEWS: US Treasury seeks ‘maximum pressure’ on Iran shadow banking system

By AML Intelligence Correspondent IT MAY come as a surprise to their global colleagues but it appears some Australian bank staff are allowed drink on the job. The revelation comes as ANZ – one of Australia’s largest banks – is considering banning alcohol consumption during office hours. The review of its trading activities following a…

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!

View subscription optionsIf you have an account, log in
Premium

NEWS: Police raid Bank of Portugal in corruption probe

 Premium

NEWS: AUSTRAC warns crypto ATMs are enabling scams, threatens crackdown

 Premium

NEWS: US Treasury seeks ‘maximum pressure’ on Iran shadow banking system

Regulatory Watch News

  • Transnational Manager for Colombia’s Clan del Golfo Drug Cartel Pleads Guilty to Drug Trafficking Conspiracy

    US Department of Justice

    A Colombian national and lieutenant for Clan del Golfo (CDG) pleaded guilty today to conspiring to distribute large quantities of cocaine destined for the United States.

    According to court documents, Fabian Edilson Torres Caranton, also known as David and Cassius, 53, served as a coordinator, intermediary, and lieutenant for the Bloque Roberto Vargas Gutierrez of CDG — a Colombian paramilitary and multibillion-dollar Transnational Criminal Organization. CDG is one of Colombia’s largest and most powerful drug cartels with its membership in the thousands. CDG’s primary source of income is from cocaine trafficking, which it uses to fund its paramilitary activities.

  • Fraudscape 2025: Reported fraud hits record levels

    CIFAS

      Cifas, the UK’s leading fraud prevention service, has published its annual Fraudscape report today (3 April) which reveals a staggering 421,000 cases were filed to the National Fraud Database (NFD) in 2024 – a 13% increase and the highest number on record. The sharp rise is one of the largest annual increases ever observed by Cifas, underscoring the growing scale and complexity of fraud in the UK. Its members also recorded a case to the NFD every two minutes, preventing over £2.1bn in fraud losses.

  • An administrative penalty of €1,054,269 against Virtual Asset Service Provider (VASP)

    FIAU

      An administrative penalty of €1,054,269 against OKCoin Europe Limited ,and a Follow-Up Directive in terms of Regulation 21 of the Prevention of Money Laundering and Funding of Terrorism Regulations (the PMLFTR)

Sign Up To Our Newsletter

Name
Organisation
Email
Newsletters
Areas of Interest

Categories

Archived articles

Contact Us

Name *
Email *
Comment or Message *