Reported 10 days ago
US regulators have warned bankers that efforts to combat financial crime, particularly money laundering, will be ramped up. This follows a significant fine against TD Bank for compliance failures. Officials are increasing scrutiny on bank operations and risk management, emphasizing the need for effective programs to detect illegal activities. The trend of heightened enforcement and regulatory actions is expected to continue, as various institutions face scrutiny for their compliance with financial crime regulations.
Source: YAHOO