Intesa Sanpaolo takes $235 million hit for AML failures

Megan van Ooyen from SAS rounds up the top five operational risk losses for December 2016

intesa-sanpaolo
Intesa Sanpaolo officers manually bypassed automated controls, resulting in sanctions breaches

Efforts to combat money laundering and prevent transactions with internationally sanctioned entities have been a priority of financial regulators around the globe in recent times – nowhere