The supervisory authority will investigate whether Handelsbanken has complied with the anti-money-laundering rules.
PEPs
The UK’s OFSI states that the case “highlights important compliance lessons for a wide range of industry stakeholders.”
Regulatory topics that will have a significant impact on institutions operating in the UK financial services sector this year.
FINRA is seeking information on international and US clients, plus the unit that includes its trading desks, sources said.
Regulator says treatment of senior figures must be improved in wake of debanking furore.
Iain Armstrong speaks about the findings from ComplyAdvantage's State of Financial Crime 2024 report.
Enforcement
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Swiss regulator censures Lebanon's largest bank for serious money laundering violations
The bank was found to have kept information from FINMA, failed to report suspicious activities to their MLRO, and bypassed PEP protocols.
New proposals aim to reduce ambiguity and lead to a reduction in over-compliance or inconsistent application.