TD Bank Group said Thursday (Oct. 10) that it takes full responsibility for the failures of its U.S. Bank Secrecy Act (BSA) and anti-money laundering (AML) compliance programs and will continue its work to remediate them. The bank said this on the day it and...
TD Bank’s American unit is reportedly set to plead guilty to anti-money laundering failures. The Toronto-based bank is expected to pay a roughly $3 billion penalty and agree to limits on its growth in the U.S. as part of the plea deal, the Wall Street...
Eighteen companies and individuals are facing charges related to alleged fraud and manipulation in cryptocurrency markets. The charges, which were unsealed in Boston, concern the leaders of four cryptocurrency companies, four cryptocurrency financial services firms known as “market makers” and employees of those firms, the...
With another major hurricane on the way, three federal agencies are warning companies not to take advantage of these natural disasters and cautioning consumers to watch out for the scams that often accompany these events. Scammers often take advantage of people trying to recover from...
March 21, 2024
Among the allegations contained in the U.S. government’s antitrust suit against Apple — as the tech giant is accused of acting as an anti-competitive monopoly in the smartphone market: Apple, said the Department of Justice (DOJ), has “inhibited the creation” of cross-platform, third-party digital wallets, as it has prevented third-party apps from offering tap-to-pay functionality, […]
September 17, 2018
In 2016, $81 million disappeared from Bangladesh’s central bank. It could have been a lot worse — hackers tried to get away with $1 billion. U..S court filings this month...
October 11, 2024
Auditing has a role in preventing, investigating, monitoring and remedying algorithmic bias in artificial intelligence (AI), technologists and researchers from federal agency civil rights offices said during a meeting held Wednesday (Oct. 9). The meeting was convened by the Justice Department’s Civil Rights Division to promote the coordination of AI and civil rights, the department said in […]
October 10, 2024
TD Bank Group said Thursday (Oct. 10) that it takes full responsibility for the failures of its U.S. Bank Secrecy Act (BSA) and anti-money laundering (AML) compliance programs and will...
October 10, 2024
TD Bank’s American unit is reportedly set to plead guilty to anti-money laundering failures. The Toronto-based bank is expected to pay a roughly $3 billion penalty and agree to limits...
October 09, 2024
Eighteen companies and individuals are facing charges related to alleged fraud and manipulation in cryptocurrency markets. The charges, which were unsealed in Boston, concern the leaders of four cryptocurrency companies,...
