Exchange Bank of Canada fined $2.46M by Fintrac for anti-money laundering failures

Jyske Bank was accused of failing to comply with anti-money laundering requirements concerning 35 customers residing in Southern Europe.

Exchange Bank of Canada Fined $2.46M by FINTRAC for Anti-Money Laundering Failures

Canada’s financial intelligence agency says it has imposed an administrative penalty of $2.46 million against Exchange Bank of Canada for non-compliance with money-laundering rules. Fintrac says it found Exchange Bank of Canada failed to submit suspicious transaction reports when there were reasonable grounds to do so, failed to conduct ongoing monitoring of business relationships and failed to report $10,000 or more in cash in a single transact…

Exchange Bank of Canada fined $2.46M by Fintrac for anti-money laundering failures

TORONTO — Canada's financial intelligence agency says it has imposed an administrative penalty of $2.46 million against Exchange Bank of Canada for non-compliance with money-laundering rules.

Jyske Bank receives money laundering fine of DKK 24 million. Jyske Bank must pay a money laundering fine of DKK 24 million. The bank announced this in a company announcement on Friday morning. It is the National Unit for Serious Crime

Jyske Bank is fined for failing to comply with requirements in the Money Laundering Act regarding 35 customers with mortgages in Southern Europe.

Ex-MACC chief Dzulkifli launches academy to combat money laundering, corruption

Dzulkifli Ahmad, the agency’s third commissioner, says the Amlac Academy reflects the commitment to transparent and corruption-free financial systems.