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Toronto-Dominion Bank has told some anti-financial-crime and risk-management employees it will use software to monitor their work, prompting privacy and consent concerns.

The arrest of bank employees with alleged ties to Venezuela’s Tren de Aragua criminal organization has reignited debate over Chile’s financial secrecy rules, which are among the most restrictive in the world.

French judges have formally charged HSBC Private Bank Suisse with organized money laundering and criminal conspiracy in connection with the alleged embezzlement of $330 million from Lebanon’s central bank by its former governor Riad Salameh.

An employee of Banco Santander’s Chile unit was among 18 suspects detained Tuesday as Chilean authorities moved against an alleged $85-million money-laundering network tied to the Venezuelan criminal organization Tren de Aragua.

Swiss prosecutors raided the Geneva offices of commodity trader Gunvor as part of a criminal investigation into suspected bribery of foreign public officials, dealing a fresh blow to the company’s efforts to rehabilitate its reputation following a series of prior corruption convictions.

UBS AG has won dismissal of money-laundering charges inherited from Credit Suisse over the long-running Mozambique tuna-bond scandal after a Swiss court found criminal liability could not be transferred after the bank’s 2023 takeover of its former rival.

North Korean IT operatives are increasingly using artificial intelligence tools to pose as remote workers, win jobs, and draw salaries from European companies, the Financial Times reported, citing cyber security experts who said the threat is spreading beyond the United States.

A former Royal Bank of Scotland manager has admitted taking more than £600,000 in bribes in exchange for favorable treatment of business customers trapped inside the bank’s discredited Global Restructuring Group (GRG).

FinCEN said on Friday it had assessed an $80-million civil penalty against Canaccord Genuity LLC over AML failures tied to suspicious trading in OTC securities. 

A recent guilty plea by a former TD Bank teller who helped move millions in suspicious funds through the U.S. banking system is an illustration of how easily things can go wrong when frontline staff face few internal anti-money laundering (AML) controls, according to a new report by the American Banker.