Top 10 op risks: sanctions and AML compliance
Sanctions and AML compliance: top 10 operational risks for 2013
2012 saw leading banks in the spotlight, accused of negligently or wilfully breaking anti-money laundering (AML) rules or international economic sanctions. Standard Chartered Bank, accused of breaches of US sanctions on Iran by the New York Department of Financial Services, was forced to pay a $340 million settlement. HSBC, accused of overlooking money laundering from Mexico into the US, predicted
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