Case Library
Regulators do not fine institutions for bad intentions. They fine them for specific, documentable control failures. These are the ones worth knowing by heart.
Denmark / Estonia
Roughly €200 billion in non-resident flows passed through a single branch whose controls were never integrated into group monitoring.
Malaysia / Global
State development funds were diverted through shell companies and private banks into real estate, art and film financing.
United States / Mexico
Failure to monitor USD 378 billion in transfers from Mexican currency exchange houses linked to narcotics proceeds.
India
Letters of Undertaking issued outside the core banking system funded a circular trade finance scheme for years undetected.
Australia
23 million reporting breaches and undetected high-risk payment patterns to South East Asia.
United States / Mexico
Mexico was rated low risk despite known cartel activity, disabling the controls that should have applied.