Op risk data: Money laundering gaffes cost ABN €480m in penalties

Also: Turkish crypto exchange’s missing $2bn; online payment scams rise during Covid. Data by ORX News

ABN Amro

Turkish cryptocurrency exchange Thodex was responsible for April’s largest operational risk loss, after the platform ceased operations leaving its 400,000 users unable to access an estimated $2 billion in digital assets.

On April 19 and 20, Thodex announced that trading would be halted for six hours for maintenance following transaction problems on its platform. On April 21, Thodex users reported difficulties transferring money before the website became inaccessible and traders were barred from

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