Discover how inadequate compliance controls led to one of banking’s most notorious AML failures. This case study explores how a bank, processed $8.8 billion in remittances with just two compliance staff, leading to massive penalties and the bank’s ultimate dissolution.
🔍 Learn about:
– How critical compliance failures occurred
– The true cost of inadequate AML controls
– Key warning signs that were ignored
– Essential lessons for compliance professionals
– Best practices for AML/CFT compliance
Whether you’re a finance professional, compliance specialist, or simply concerned about the security of the global banking system, this case study provides essential insights into one of banking’s most shocking scandals. Follow up for more lessons learned:
https://www.youtube.com/playlist?list=PLBgiVyoN-mNS5XKpcLtqcZ0nY-dJTCgmU
🔗 IMPORTANT TIMESTAMPS:
00:00 Channel Intro
00:27 Introduction
01:59 What Happend ?
07:38 Penalty
09:50 Lessons Learned
13:11 Channel Out
#ComplianceCase #AMLCompliance #BankingRegulation #FinancialCrime #RiskManagement
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