FINTRAC fines five firms over C$350,000 for AML failures
Canada's anti-money laundering (AML) regulator FINTRAC has issued fines totalling over C$350,000 to five firms for multiple breaches of the Proceeds of Crime and Terrorist Financing Act.
Regulatory Wrap episode 75: SEC 2026 Examination Priorities
In Regulatory Wrap for the week to November 21, Kathryn Fallah reviews the focus areas highlighted in the SEC’s 2026 Examination Priorities.
Record C$176 million FINTRAC fine for AML failings
Canada’s anti-money laundering watchdog fined Xelox Enterprises Ltd C$176 million for violating anti-money laundering regulations under the Proceeds of Crime and Terrorist Financing Act.
AI-powered Anti-Money Laundering (AML) compliance in finance
AI is fast becoming the key differentiator for financial firms grappling to scale their anti-money laundering compliance. Sure, those who stick to the standard tool suite may still manage to comply. But forward-thinking institutions have been able to increase their accuracy and even spot new risks as they choose to enhance AML efficiency with AI.
Safeguarding compliance with insider threat protection
Insider threats are on the rise and the global average cost of a data breach is increasing year over year. So what can organizations do to protect themselves from insider threats?
Regulatory Wrap Episode #44: TD Bank hit with $3 Billion Fine
In Regulatory Wrap for the week to October 18, Rob Mason discusses a record $3 billion fine against TD Bank for serious anti-money laundering (AML) failures.
TD Bank earns itself $3 billion fine for ‘placing profit over compliance’
A $3 billion dollar fine has been imposed upon TD Bank for anti-money laundering failings and violating the Bank Secrecy Act.