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RISKCHECK June 2021 LATEST NEWS ON OPERATIONAL RISK explore@benchmatrix.com | www.benchmatrix.com © 2021 BenchMatrix. All rights Reserved
SUMMARY OF NEWS
1. DNB to Be Fined $48.1 Million for Anti- Compliance
Money-Laundering Inadequacies 25. EU Antitrust Regulators Fine ICAP $7.9
2. Delhi Police to freeze 95 bank accounts of Million for Yen Cartel
Covid frauds 26. More than £10m stolen in credit card and
3. Bank officers among 8 arrested over fraud online banking fraud in the region
involving RM4.7m 27. Investment fraudsters found guilty of £2m
4. Two Belfast men facing charges in scam after eight-year-long investigation
connection with a suspected multi-million
pound banking fraud
5. CEO rice mill held for Rs29m fraud
6. 1MDB sues JPMorgan Chase, Deutsche Bank
in $23 billion fraud case
7. Climate activist arrested after attacks on
banks
8. ABN Amro reports net loss as hefty money
laundering fine weighs
9. Alibaba calls its $2.8 billion antitrust fine a
‘one-time impact’—but the risk of more
regulation lingers
10. Citibank Taiwan, DBS Bank Taiwan hit for
AML failings
11. Canara bank fraud: Police issues lookout
notice against accused Vijeesh Varghese
12. NYPD Investigating Citywide Bank Robbery
Pattern; Man Accused Of Stealing More
Than $4,000 From 5 Bank
13. S'pore businessman linked to alleged fraud
of $1 billion handed more cheating charges
14. FIU imposes Rs. 4 million of penalties on two
financial institutions for non-compliance with
FTRA during 2021
15. Man charged with $127,100 fraud involving
COVID-19 aid
16. Nigeria Suspends Official Charged with
Defrauding US
17. EML shares crash on Irish central bank’s AML
regulatory concerns
18. China slaps penalties on 5 financial
institutions
19. UAE: Emirati loses life savings in 7-minute
fraud call
20. Liberty Steel in £18m loan breach with Metro
Bank
21. Bank loan fraud: ED attaches Rs 166-cr worth
assets of Maha company
22. RBNZ takes legal action against TSB Bank
over money-laundering law breaches
23. EXCLUSIVE Hong Kong threatens Lai’s
bankers with jail if they deal in his accounts
24. RBI Imposes Rs 10 Crore Penalty On HDFC
Bank For Deficiencies In Regulatory
© 2021 BenchMatrix. All rights Reserved 2OPERATIONAL RISK NEWS
DNB to Be Fined $48.1 Two Belfast men facing Climate activist arrested
Million for Anti-Money- charges in connection after attacks on banks
Laundering with a suspected multi- May 12th, 2021 -
Inadequacies million pound banking LONDON: British climate
May 04th, 2021 - fraud activist Gail Bradbrook, co-
DNB ASA on Monday May 05th, 2021 - founder of the Extinction
confirmed that Norway’s Two Belfast men are facing a Rebellion group, was
financial supervisory "huge" number of charges in arrested at home on Tuesday
authority, Finanstilsynet, will connection with an for conspiracy to cause
impose a fine of 400 million investigation into a suspected criminal damage and fraud
Norwegian kroner ($48.1 multi-million pound banking after her group attacked
million) for inadequate fraud, a court has been banks such as HSBC and
compliance with anti-money- told.......….. Read full story Barclays.......….. Read full
laundering rules and story
legislation.......….. Read full
story
ABN Amro reports net
CEO rice mill held for loss as hefty money
Delhi Police to freeze 95 Rs29m fraud laundering fine weighs
bank accounts of Covid May 06th, 2021 - May 12th, 2021 -
frauds LAHORE - FIA on AMSTERDAM: Dutch bank
May 05th, 2021 - Wednesday arrested CEO ABN Amro reported on
Police said they have Zaitoon Rice mill Usama Wednesday a net loss of 54
coordinated with banks to Anwar in a case of million euros ($66 million)
freeze accounts so that the embezzlement of Rs29 over the first three months of
duped money is not million loan which was taken 2021, as a hefty fine for
withdrawn or spent.......….. from Alfalah Bank.....….. money laundering
Read full story Read full story outweighed the positive
impact of economic recovery
in the Netherlands.......…..
Bank officers among 8 1MDB sues JPMorgan Read full story
arrested over fraud Chase, Deutsche Bank in
involving RM4.7m $23 billion fraud case
May 05th, 2021 - May 10th, 2021 - Alibaba calls its $2.8
The police have crippled a The Malaysian strategic billion antitrust fine a
syndicate using fake development firm has filed ‘one-time impact’—but
documents to apply for six suits against nine the risk of more
personal financing involving unnamed entities, including regulation lingers
losses of RM4.7 million, with two foreign financial May 14th, 2021 -
eight men including six staff institutions, and 25 Alibaba, China’s e-commerce
of financial institutions individuals for various giant, on Thursday
arrested in several operations wrongdoings including fraud announced its first-ever
conducted on and conspiracy.......….. quarterly loss since going
Saturday......….. Read full Read full story public.......….. Read full story
story
© 2021 BenchMatrix. All rights Reserved 3OPERATIONAL RISK NEWS
Citibank Taiwan, DBS S'pore businessman Nigeria Suspends
Bank Taiwan hit for linked to alleged fraud Official Charged with
AML failings of $1 billion handed Defrauding US
May 14th, 2021 - more cheating charges May 20th, 2021 -
The Financial Supervisory May 17th, 2021 - A Nigerian governor's aide
Commission (FSC) yesterday SINGAPORE - A has been suspended after
fined Citibank Taiwan Ltd Singaporean businessman being arrested in the United
NT$10 million linked to the alleged fraud of States in connection with a
(US$357,194) and DBS more than $1 billion had multi-million-dollar
Bank Taiwan NT$6 million more cheating charges unemployment benefits
for breaches of the nation’s brought against him on scam.......….. Read full story
anti-money laundering (AML) Monday (May 17).......…..
regulations.......….. Read full Read full story
story EML shares crash on
Irish central bank’s AML
FIU imposes Rs. 4 regulatory concerns
Canara bank fraud: million of penalties on May 20th, 2021 -
Police issues lookout two financial institutions The share price of EML
notice against accused for non-compliance with Payments cratered after the
Vijeesh Varghese FTRA during 2021 Brisbane-based player in
May 15th, 2021 - May 19th, 2021 - niche parts of global
Pathanamthitta: In the The Financial Intelligence payments markets said the
Canara bank fraud case, Unit of Sri Lanka’s Central Central Bank of Ireland had
police issued a lookout notice Bank has imposed Rs. 4 raised “significant regulatory
against the accused Vijeesh million of penalties on two concerns” about anti-money
Varghese as observing financial institutions in 2021 laundering compliance in its
chances that he will leave the for failing to comply with the Irish-based
country........….. Read full Financial Transactions subsidiary.......….. Read full
story Reporting Act (FRTA) as a story
measure to enforce
compliance.......….. Read full
NYPD Investigating story China slaps penalties on
Citywide Bank Robbery 5 financial institutions
Pattern; Man Accused May 21st, 2021 -
Of Stealing More Than Man charged with BEIJING, May 21 (Xinhua) --
$4,000 From 5 Bank $127,100 fraud China's top banking and
May 17th, 2021 - involving COVID-19 aid insurance regulator has
Police are looking for a man May 19th, 2021 - slapped fines totaling around
suspected of robbing banks A Manhattan man has been 366 million yuan (about
around New York City and charged with defrauding a 56.92 million U.S. dollars)
getting away with more than Wichita bank out of on institutions and individuals
$4,000 this month.......….. $127,100 in COVID-19 aid in cracking down on
Read full story meant for small businesses financial violations.......…..
affected by the Read full story
pandemic.......….. Read full
story
© 2021 BenchMatrix. All rights Reserved 4OPERATIONAL RISK NEWS
UAE: Emirati loses life RBNZ takes legal action EU Antitrust Regulators
savings in 7-minute against TSB Bank over Fine ICAP $7.9 Million
fraud call money-laundering law for Yen Cartel
May 23rd, 2021 - breaches May 28th, 2021 -
According to Al Bayan, it all May 27th , 2021 - BRUSSELS (Reuters) - EU
started when Rashid received The Reserve Bank is taking antitrust regulators on Friday
a phone call from a person TSB Bank to court over fined the world's largest
claiming to be an employee breaches of the Anti-money interdealer broker ICAP 6.45
from his bank. The person Laundering and Countering million euros ($7.9 million)
claimed that the bank was Financing of Terrorism Act for taking part in several yen
updating customers' data which the bank has interest rate derivatives
and asked Rashid for acknowledged.......….. Read cartels.......….. Read full
information for the full story story
same.......….. Read full story
EXCLUSIVE Hong Kong More than £10m stolen
Liberty Steel in £18m threatens Lai’s bankers in credit card and online
loan breach with Metro with jail if they deal in banking fraud in the
Bank his accounts region
May 24th, 2021 - May 27th, 2021 - May 29th, 2021 -
Metro Bank asked for early Hong Kong’s security chief Online banking and credit
repayment of an £18m loan sent letters to media tycoon card fraudsters stole more
from the troubled steel group Jimmy Lai and branches of than £10 million from people
Liberty more than two years HSBC and Citibank this in the West Midlands, it has
ago - and it is still waiting for month threatening up to been revealed, with the
its money.......….. Read full seven years’ jail for any region seeing the third
story dealings.......….. Read full highest level of bank account
story fraud in the UK.......….. Read
full story
Bank loan fraud: ED
attaches Rs 166-cr RBI Imposes Rs 10 Crore
worth assets of Maha Penalty On HDFC Bank Investment fraudsters
company For Deficiencies In found guilty of £2m
May 27th, 2021 - Regulatory Compliance scam after eight-year-
New Delhi, May 27 (PTI) The May 28th, 2021 - long investigation
Enforcement Directorate (ED) The Reserve Bank of India May 12th, 2021 -
on Thursday said it has (RBI) has imposed a penalty Two men have been
attached assets worth Rs 166 of Rs 10 crore on HDFC Bank convicted of fraudulent
crore in a money laundering Ltd for deficiencies in trading following successful
probe linked to an alleged regulatory compliance. The investigations by the City of
bank loan fraud that took central bank said that the London Police and
place in penalty has been imposed as Hampshire Police, with the
Maharashtra.......….. Read actions of HDFC Bank were support of the Crown
full story found.......….. Read full story Prosecution Service.......…..
Read full story
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