By AML Intelligence Correspondent SWISS bank Julius Baer was ordered to pay €4.3 million (SFr4mn) by the national regulator over AML failures for its high-risk clients. Finma found Julius Baer failed to detect or act on suspicious transactions around Russian and Indian clients between 2009 and 2019. Finma found Julius Baer committed a “serious violation” Read More
Home » NEWS: Julius Baer fined €4.3m over AML failings, including ignoring red flags, on high risk clients
NEWS: Julius Baer fined €4.3m over AML failings, including ignoring red flags, on high risk clients
- AML Peers
- door Stephen Rae
Related Posts
NEWS: US SEC probe into Swedbank closes without enforcement; DOJ and NY FS inquiries continue
- AML Peers
- door Stephen Rae
Swedbank on Saturday said that the U.S. Securities and Exchange Commission (SEC) has closed its investigation into the bank without enforcement. The U.S. Department of… BronNEWS: US SEC probe into Swedbank closes without enforcement; DOJ and NY FS inquiries continue
NEWS: Netherlands develops AI chatbot for financial crime investigators
OFFICIALS in the Netherlands have developed a new AI (artificial intelligence) chatbot to aid financial crime investigators. Read More
NEWS: FinCEN clears US banks to share customer data with foreign firms
FINCEN, the AML unit of the U.S. Department of the Treasury, has issued a new guide for financial institutions on cross-border data sharing. Read More