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RISKCHECK February 2021 LATEST NEWS ON OPERATIONAL RISK explore@benchmatrix.com | www.benchmatrix.com © 2021 BenchMatrix. All rights Reserved
SUMMARY OF NEWS
1. French Bank to Pay $8.6 Million to Settle Syria
Sanctions Case
2. Finra Fines LPL $6.5 Million over Broad
Supervisory Failures
3. T-Mobile data breach: ‘Malicious,
unauthorized’ hack exposes customer call
information
4. Government to replace Sassa grant cards after
security breach
5. Deutsche Bank pays nearly $125mln to resolve
US bribery, fraud claims
6. New Zealand Central Bank Says Data System
Hacked
7. Equifax Invests In Fraud Prevention And ID
Verification With $640M Kount Deal
8. China fines state-owned financial institutions
$31 million in crackdown
9. TD Bank Denies Negligence Claim in $4.5
Billion Stanford Fraud
10. RBI imposes Rs 2 cr fine on Deutsche Bank for
non-compliance of directions
11. Ubiquiti suffers data breach and alerts
customers to change passwords
12. Capital One hit with $390 million fine over
"egregious" AML failures
13. Seven Hong Kong bank staff arrested in
US$1.07bil money-laundering probe
14. Former head of Vatican bank found guilty of
embezzlement
15. Digitonics Used 12 Bank Accounts For Money
Laundering
16. SECP takes action against fake investment firms
17. Seven Banks Escape With Minor Fines in
Mexico Antitrust Case
18. Ex Tustin bank manager sentenced to prison
for stealing $1 million from customer with
dementia
19. Enforcement Action: SBP imposes Rs 59.5
million penalty on Habib Metropolitan Bank
20. Railway’s IT system collapses; data breach
feared
21. India's central bank penalizes Standard
Chartered Bank for late fraud reports
© 2021 BenchMatrix. All rights Reserved 2OPERATIONAL RISK NEWS
French Bank to Pay Deutsche Bank pays TD Bank Denies
$8.6 Million to Settle nearly $125mln to Negligence Claim in
Syria Sanctions Case resolve US bribery, $4.5 Billion Stanford
Jan 04th, 2020 - fraud claims Fraud
The U.S. Treasury Department Jan 10th, 2020 - New York: Jan 12th, 2020 - Toronto-
imposed an $8.6 million fine Deutsche Bank has agreed to Dominion Bank denied
on a French bank that officials pay US authorities nearly knowing about illegal activity
said processed payments for $125m and entered in the accounts of convicted
blacklisted Syrian financial into.…......... Read full story fraudster Allen Stanford
institutions.....….. Read full and……. Read full story
story New Zealand Central
Bank Says Data System RBI imposes Rs 2 cr fine
Finra Fines LPL $6.5 Hacked on Deutsche Bank for
Million over Broad Jan 10th, 2020 - New non-compliance of
Supervisory Failures Zealand’s central bank says directions
Jan 04th, 2020 - LPL one of its data systems has Jan 12th, 2020 - The
Financial has agreed to a been breached by an Reserve Bank of India (RBI) on
censure and $6.5 million fine unidentified hacker who Tuesday imposed a penalty of
for a range of supervisory and potentially accessed Rs 2 crore on Deutsche Bank
compliance failures tied to commercially and personally AG for non-compliance.........
record-keeping and screening sensitive information...…. Read full story
employees.....….. Read full Read full story
story Ubiquiti suffers data
Equifax Invests In Fraud breach and alerts
T-Mobile data breach: Prevention And ID customers to change
‘Malicious, Verification With $640M passwords
unauthorized’ hack Kount Deal Jan 13th, 2020 - Ubiquiti
exposes customer call Jan 11th, 2020 - The great Networks has sent out
information digital shift – and the rising notification emails to its
Jan 04th, 2020 - A security tide of eCommerce – has customers informing them of a
incident at T-Mobile has placed greater pressure on recent security breach.…..
resulted in customer call data companies to verify............ Read full story
being accessed, the Read full story
telecommunications giant has Capital One hit with
said....…. Read full story China fines state-owned $390 million fine over
financial institutions $31 "egregious" AML
Government to replace million in crackdown failures
Sassa grant cards after Jan 11th, 2020 - China’s top Jan 19th, 2020 - The
security breach banking regulator handed out Financial Crimes Enforcement
Jan 04th, 2020 - Minister of its first big tickets in 2021, Network (FinCEN) has
Social Development Lindiwe fining several state-owned enforced a $390 million civil
Zulu says that government is banks and financial money penalty on Capital
in talks with stakeholders to institutions a total of nearly One for engaging in both
replace South African Social RMB 200 million ($31 million) "willful and negligent"
Security Agency (Sassa)....…. for......... Read full story violations of the Bank Secrecy
Read full story Act.….. Read full story
© 2021 BenchMatrix. All rights Reserved 3OPERATIONAL RISK NEWS
Seven Hong Kong bank Seven Banks Escape India's central bank
staff arrested in With Minor Fines in penalizes Standard
US$1.07bil money- Mexico Antitrust Case Chartered Bank for late
laundering probe Jan 24th, 2020 - Mexico’s fraud reports
Jan 20th, 2020 - antitrust watchdog has fined Jan 21st, 2020 - India's
Seven former and current seven banks a total of $1.5 central bank fined Standard
bank employees have been million, only 4% of potential Chartered Bank – India
arrested in Hong Kong as part penalties…......... Read full Branches 20.0 million rupees
of a major operation against story for delays in its report of
a US$810 million....….. Read frauds.……. Read full story
full story Ex Tustin bank manager
sentenced to prison for
Former head of Vatican stealing $1 million from
bank found guilty of customer with dementia
embezzlement Jan 25th, 2020 - A former
Jan 21st, 2020 - A former branch manager of a Tustin
head of the Vatican bank, Comerica bank was sentenced
Angelo Caloia, has been Monday, Jan. 25, to more
found guilty of embezzlement than three years in prison
and money laundering and for...…. Read full story
sentenced to eight years and
11 months in prison....….. Enforcement Action: SBP
Read full story imposes Rs 59.5 million
penalty on Habib
Digitonics Used 12 Bank Metropolitan Bank
Accounts For Money Jan 27th, 2020 - The State
Laundering Bank of Pakistan (SBP)
Jan 21st, 2020 - FIA imposed a monetary penalty
conducted a big crackdown of Rs.59.516 Million on Habib
against a company called Metropolitan Bank (HMB) on
Digitonics involved in account of violation of
International Scam earlier in its............ Read full story
January 2021....…. Read
full story Railway’s IT system
collapses; data breach
SECP takes action feared
against fake investment Jan 28th, 2020 - The
firms electronic system of e-ticketing
Jan 21st, 2020 - The (SECP) and financial and human
has initiated legal proceedings resources of the Pakistan
against two firms unauthorised Railways (PR) collapsed on
to operate investment Tuesday, leaving 60 online
schemes, it said on reservation offices
Wednesday....…. Read full disconnected......... Read full
story story
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