Banking Sector Penalties

Failure to maintain adequate AML controls, permitting suspicious cash deposits totalling approximately GBP 365 million.

Failings in financial crime controls, including screening new and existing customers against financial sanctions.

Failures in AML controls for correspondent banking relationships.

Facilitating EUR 200 billion in suspicious transactions through its Estonian branch over a nine-year period.

Failings in its transaction monitoring systems covering a period of eight years.

Wilful and negligent violations of the Bank Secrecy Act, failing to file thousands of suspicious activity reports.

Conspiracy to fail to maintain an adequate AML programme and violations of the Bank Secrecy Act over a multi-year period.

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