NEWS: Canada subsidiary of China’s ICBC bank flouted FCC requirements for years, faces fourth review – report 

By AML Intelligence Correspondent THE Canadian subsidiary of China’s biggest bank repeatedly failed to review risky clients and file STRs, regulator FinTRAC has found. An unpublished FinTRAC report gives examples of suspicious Industrial and Commercial Bank of China (ICBC) account activity as it apparently cut corners on its financial-crime compliance (FCC) controls. Correspondence with the Read More