The Monetary Authority takes disciplinary actions against four banks ( ICBC was fined HK$20.7 million. UBS HK was fined HK$9 million. China Construction Bank (Asia) was fined HK$8.5 million. CTBC Bank Hong Kong was fined $6 million) for contraventions of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance.

HKMA - Hong Kong Monetary Authority

Source

Published on Nov. 19th, 2021 Published on Nov. 19th, 2021

Scenario: Conduct / Breach of AML, Terrorism Financing or Sanctions Regulations

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MSTAR News

Nov. 21st, 2021

Olivier Vigneron to become Group Chief Risk Officer of Deutsche Bank.

Congratulations for this new chapter that opens at Deutsche Bank! We are proud and grateful that Olivier was one of the first promoters of the XOI method for operational risk, and to have worked with him and his teams for many years. Greetings and thanks from the MSTAR team.