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NEWS: TD could be facing total bill of $4 billion and north as FCC tardiness haunts bank’s ambitious US expansion

Premium August 22, 2024

CRISIS: The TD bank logo is seen on top of the Toronto Dominion Canada Trust Tower in Toronto, Ontario. Some observers believe the bank could be facing total penalties north of $4 billion.

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NEWS: Europol says AI facial recognition technology could help stop ATM scams

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NEWS: Luxembourg’s CSSF regulator says new anti-corruption rules will be ‘focal point’ in money laundering fight

NEWS: None of 25 UK legal and accounting industry bodies ‘fully’ meet AML standards, FCA warns

By AML Intelligence Correspondents TD Bank missed quarterly earnings estimates today (Thursday) and reported a rare loss after it set aside a further $2.6 billion to prepare for fines from U.S. regulators following investigations into the Canadian lender’s AML failings. That brings the total booked by the bank to meet fines and other penalties to…

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Premium

NEWS: Europol says AI facial recognition technology could help stop ATM scams

 Premium

NEWS: Luxembourg’s CSSF regulator says new anti-corruption rules will be ‘focal point’ in money laundering fight

NEWS: None of 25 UK legal and accounting industry bodies ‘fully’ meet AML standards, FCA warns

Regulatory Watch News

  • Commerce Announces Proposed Rule to Secure Connected Vehicle Supply Chains from Foreign Adversary Threats

    US Department of Commerce

    Washington, D.C. – Today, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) published a Notice of Proposed Rulemaking (NPRM) that would prohibit the sale or import of connected vehicles integrating specific pieces of hardware and software, or those components sold separately, with a sufficient nexus to the People’s Republic of China (PRC) or Russia.

  • How AI Can Strengthen Law Enforcement: Insights from Europol’s New Report

    Europol

    A newly published report by Europol’s Innovation Lab explores the ways in which artificial intelligence (AI) can revolutionise law enforcement operations. By harnessing AI's advanced capabilities, law enforcement agencies can process vast datasets more efficiently, enhancing their ability to detect and counter criminal activity. AI tools can streamline decision-making processes at both operational and strategic levels, enabling authorities to better identify and address criminal threats at their core.

  • September 25: FinCEN Virtual Info Session on Beneficial Ownership Reporting

    FinCEN

    The Corporate Transparency Act requires many companies doing business in the United States to report information to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) about who ultimately owns or controls them. Join a FinCEN representative for a virtual information session on beneficial ownership information (BOI) reporting requirements and how to comply with the law.

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