RISKCHECK December 2019 Issue # 143 | [email protected] | www.benchmatrix.com Latest news on Operational Risk 1. Canada credit union data breach bigger 27. U.S. Indicts Nigerian Airline CEO on than first thought Fraud and Money Laundering 2. Banking license of JSC Expert Bank Charges revoked 28. The suspect robbed a Fifth Third Bank 3. Bank Of England Tells HSBC To Tighten located at 57 East Randolph Street, the Fraud, Staff Compliance FBI said 4. T-Mobile data breach affects more than 29. Deutsche Bank sues Madoff feeder funds a million users for reneging on $1.6 billion claims sale 5. Deutsche Bank Admits Widespread 30. BGC Financial Hit with $3 Million Fine for Payment Failures To BoE Supervision Lapses 6. India set to file fresh charges in $2 31. PMC Bank probe finds another ghost billion PNB bank fraud case -source account operator 7. Credit Suisse sued by Libyan Investment 32. Cybersecurity a major chink in India Inc Fund over bribery claims armour 8. State Bank of Pakistan fines HBL over 33. Exclusive: UniCredit clinches deal to cut non-compliance of regulatory exposure to Turkish lender Yapi Kredi – requirements sources 9. SEB share price heavily affected by 34. Citigroup fined £44m by Bank over poor suspected money laundering in Baltics financial information 10. Civil Penalty of $11.2 million on UBS for 35. CFTC Fines Goldman Sachs $1 Million for Deceptive Trades by its Client Advisors Failing to Record Calls 11. Investec Namibia MD resigns amid 36. Boonton bank robber steals $2,000 fishing bribery scandal 37. Hackers stole $ 50 million in Ethereum 12. DNB caught up in Icelandic corruption from Upbit exchange 13. NAB faces hefty penalty after admitting 38. HSBC and Santander brought to book money-laundering breach over text alert failure 14. Bankers booked for Rs 25.8L theft from 39. Federal regulators propose $145K fine dead woman's a/c for TVA 15. Fraud gang loots Tk9.60 lakh from three 40. Bank of England dishes out £44 million Pubali bank ATM booths fine to Citigroup for regulatory reporting 16. Bank wires fraudsters over $800K of failures retiree's savings, despite red flags 41. Genesee County doctor, associates face 17. BOV fined for money laundering prison in $8 million UAW health care breaches in two cases fraud case 18. Cayman National Bank confirms data breach impacted Isle of Man subsidiaries 19. ATM fraudsters target Pubali Bank in Chattogram, Cumilla in Tk 900,000 heist 20. Konark Urban Co-op Bank fined Rs 4 lakh for violating RBI guidelines 21. Regulators Name and Shame Violating Loan Rules 22. Westpac Accused of 23 Million Breaches of Money-Laundering Rules 23. BNP Paribas Revamps Compliance After Sanctions Violations Settlement 24. Cayman National suffers Manx bank 'data hack' 25. NAB to pay back $49m for credit insurance 26. ABN Amro Fined $2.2 Million for Not Disclosing CEO's Retirement Plan in 2016 Canada credit union T-Mobile data breach Credit Suisse sued by data breach bigger than affects more than a Libyan Investment Fund first thought million users over bribery claims

November 01st , 2019 - A November 25th, 2019 - T- November 14th 2019 - The massive data breach last year Mobile confirmed over the Libyan Investment Authority at Desjardins credit union has weekend that data belonging (LIA) has sued Credit Suisse turned out to be bigger than to over one million of its Group in London after a originally thought, affecting all customers has been exposed bribery case as part of a long- 4.2 million of its customers, following a system running fight with US and Canada's largest banking co- breach....…. Read full story European banks over bribery operative said Friday…. Read allegations, reported full story Deutsche Bank Admits Bloomberg.… Read full story Widespread Payment Banking license of JSC Failures To BoE State Bank of Pakistan Expert Bank revoked fines HBL over non- November 12th , 2019 - compliance of November 04th ,2019 - The Deutsche Bank told U.K. regulatory requirements Bank of Russia took this regulators that it still has decision in accordance with ongoing problems processing November 14th 2019 - The Clauses 6 and 6.1, Part 1, high-value payments despite State Bank of Pakistan (SBP) Article 20 of the Federal Law more than three years of had fined ‘On Banks and Banking remediation efforts, the (HBL) an amount of Rs35.62 Activities’2 based on the facts Financial Times (FT) reported million on October 4 for that Expert Bank….. Read full on Sunday (Nov. 10……. violating regulations. story Read full story According to a notice issued by the SBP, the penalty was Bank Of England Tells India set to file fresh imposed mainly on the HSBC To Tighten Fraud, charges in $2 billion “deficiencies” in HBL’s foreign Staff Compliance PNB bank fraud case exchange operations and Customer Due Diligence November 05th , 2019 - The November 14th 2019 - India’s (CDD).… Read full story Bank of England has told federal police will soon file HSBC to improve compliance fresh charges in the $2 billion controls for non-fiscal factors Punjab National Bank (PNB) like fraud and staff conduct, fraud case and detail how the according to a report by alleged wrongdoing was Reuters. The shortcomings carried out, according to a were pointed out by source with direct knowledge Prudential Regulation of the matter.…… Read full Authority regulators. HSBC story said it is planning to get executives together to work on the problem. ……. Read full story SEB share price heavily DNB caught up in Fraud gang loots Tk9.60 affected by suspected Icelandic corruption lakh from three Pubali money laundering in bank ATM booths Baltics November 15th, 2019 - Norway’s biggest bank, DNB, November 19th, 2019 - A November 15th, 2019 - is under suspicion of having man entered an ATM booth of Swedish banking giant SEB facilitated the transfer of USD Pubali Bank in Cumilla. He AB has seen its stock value 70 million from Iceland’s opened the automated teller sinking by 15% as it awaits a largest player in the fishing machine using a key. Then, he programme by the Swedish industry to shell companies set brought out a small part from public broadcaster over up in tax havens..….. Read the machine and closed it. He suspected money laundering full story took out a small device from in the Baltics, where the name his pocket and did something of the bank would also NAB faces hefty penalty with that.....…. Read full story appear, Bloomberg reports..... after admitting money- Read full story laundering breach Bank wires fraudsters attack over $800K of retiree's Civil Penalty of $11.2 November 15th, 2019 – savings, despite red million on UBS for National Australia Bank faces flags Deceptive Trades by its the prospect of further Client Advisors remediation and a huge fine November 17th, 2019 - A after it revealed it might have Calgary retiree says he was November 15th, 2019 - The made multiple breaches of "sick to his stomach" after Monetary Authority of counter-terrorism and anti- learning his bank wired more Singapore (MAS) has money laundering laws.,.….. than $800,000 of his savings imposed a civil penalty on Read full story to fraudsters despite security UBS for acts by its client red flags. Rod McLeod, 75, advisors that breached section Bankers booked for Rs was a longtime customer with 201(b) of the Securities and 25.8L theft from dead Cidel Bank — one of dozens Futures Act (SFA).…. Read full woman's a/c of private banks in Canada story attack that handle...... Read full November 16th, 2019 - A story Investec Namibia MD case was registered on resigns amid fishing Saturday against two BOV fined for money bribery scandal employees of a nationalized laundering breaches in bank here for allegedly two cases November 15th, 2019 - The swindling money to the tune of Namibia managing director Rs 25.8 lakh from the account November 18th, 2019 - Bank of South African investment of a deceased customer.….. of Valletta has been fined a firm Investec has resigned Read full story total of €57,500 in two cases after allegations he involving breaches of its anti- spearheaded a fishing scheme money laundering that generated kickbacks of at obligations...... Read full story least 150 million Namibian dollars ($10 million) in a bribery scandal that has seen two ministers quit.... Read full story Cayman National Bank Regulators Name and Cayman National confirms data breach Shame Banks Violating suffers Manx bank impacted Isle of Man Loan Rules 'data hack‘ subsidiaries November 19th, 2019 - November 19th, 2019 - November 19th , 2019 - China’s central government Cayman National Cayman National Bank has has named and shamed two Corporation (CNC) said its officially confirmed that it banks that forced small Manx-based bank and trust suffered a “data hack”, businesses to buy insurance company were the subject of a without specifying the scope of products as a condition of "data theft" by a "criminal the breach.The offshore issuing loans, saying such hacking group" on bank’s admission of a misconduct violated official Sunday….. Read full story problem follows weekend instructions to cut borrowing claims by black hat hackers costs for small businesses. ….. NAB to pay back $49m Phineas Fisher that they had Read full story for credit insurance hit the bank…… Read full story Westpac Accused of 23 November 20th, 2019 – Million Breaches of Students, pensioners and the ATM fraudsters target Money-Laundering unemployed will get back the Pubali Bank in Rules hundreds or thousands of Chattogram, Cumilla in dollars they paid for "junk" Tk 900,000 heist November 19th, 2019 - insurance under a $50 million Westpac Banking Corp. has settlement with National November 19th, 2019 - The been sued by Australia’s Australia Bank.….. Read full stolen money was not slashed financial crimes agency for story from any customer’s account allegedly breaching anti- as the fraudsters disconnected money laundering laws more ABN Amro Fined $2.2 the machines from the main than 23 million times..... Read Million for Not server first, according to full story Disclosing CEO's officials.The government bank Retirement Plan in 2016 filed general..….. Read full BNP Paribas Revamps story Compliance After November 21th, 2019 - The Sanctions Violations Dutch financial regulator said Konark Urban Co-op Settlement on Thursday it had fined Bank fined Rs 4 lakh for lender ABN Amro 2 million violating RBI guidelines November 19th, 2019 - Five euros (£1.7 million) for failing years after agreeing to pay a to inform the market,.…. Read November 19th , 2019 - The record fine for sanctions full story Reserve Bank has imposed a violations, BNP Paribas S.A. fine of Rs 4 lakh on Konark has made structural changes Urban Co-operative Bank for to its compliance division, violating guidelines on Read full story director-related loans...... Read full story U.S. Indicts Nigerian BGC Financial Hit with UniCredit clinches deal Airline CEO on Bank $3 Million Fine for to cut exposure to Fraud and Money Supervision Lapses Turkish lender Yapi Laundering Charges Kredi November 22th, 2019 - The November 23th, 2019 - Air US Commodity Futures November 23th, 2019 - As Peace, has been indicted by Trading Commission (CFTC) part of the plan, UniCredit will the U.S. Department of Justice has fined the voice brokerage sell its 50% stake in its joint on charges of bank fraud and arm of BGC Partners Inc $3 venture Koc money laundering for the million to settle charges of - which controls Yapi Kredi - alleged illegal movement of supervision, reporting, and to its partner Koc Holding more than $20 million, the recordkeeping violations (KCHOL.IS), two of the sources department said.….. Read full spanning over five years..... said. They were speaking on story Read full story condition...….. Read full story The suspect robbed a PMC Bank probe finds Citigroup fined £44m by Fifth Third Bank located another ghost account Bank over poor at 57 East Randolph operator financial information Street, November 23th, 2019 - These November 26th, 2019 - November 24th, 2019 - The ‘ghost accounts’ are suspected Citigroup Inc. was fined 44 suspect was described as a to have been operated by million pounds ($57 million) female with a small build, the entities with the knowledge of by the Bank of England for FBI said. She was wearing a arrested bank officials, years of inaccurate reporting black and white hooded sources said. These accounts to regulators about the sweatshirt, a black scarf, allegedly belonged to the lender’s capital and liquidity black pants, white shoes and Abchal Group..….. Read full levels.,...... Read full story black gloves..….. Read full story story Cybersecurity a major Deutsche Bank sues chink in India Inc Madoff feeder funds for armour reneging on $1.6 billion claims sale November 23th, 2019 -The firm covered around 300 November 22th, 2019 - senior IT decision-makers and Deutsche Bank (DBKGn.DE) IT security professionals from has sued two offshore funds India as part of a survey of that funneled money to 1,900 professionals across Bernard Madoff for 14 years, countries...... Read full story accusing them of reneging on their agreement to sell more than $1.6 billion of claims in the bankruptcy of the swindler’s firm....….. Read full story CFTC Fines Goldman Federal regulators Sachs $1 Million for propose $145K fine for Failing to Record Calls TVA attack November 26th, 2019 – The November 25th, 2019 - The Commodity Futures Trading Nuclear Regulatory Commission ordered a Commission has proposed the Goldman Sachs Group Inc. assessment of a $145,000 subsidiary to pay $1 million to civil penalty to the Tennessee settle charges it failed to Valley Authority for submitting obtain and retain recordings incomplete and inaccurate of certain..….. Read full story information…. Read Full story

Boonton bank robber Bank of England dishes steals $2,000 out £44 million fine to Citigroup for regulatory November 27th, 2019 - A reporting failures man swiped approximately $2,000 from the Wells Fargo November 26th 2019 - The Branch off Wootton Street on PRA has imposed a combined Wednesday, the Morris financial penalty on Citigroup County Prosecutor's Office Global Markets Limited said….. Read full story (CGML), N.A. London branch (CBNA Hackers stole $ 50 London) and Citibank Europe million in Ethereum Plc UK branch (CEP UK) from Upbit exchange (together, Citi) of £43.9 million for failings….. Read November 27th, 2019 - The full story company's CEO confirmed the information about the hack. Genesee County doctor, All deposits and withdrawals associates face prison in are suspended….. Read full $8 million UAW health story care fraud case

HSBC and Santander November 28th 2019 - A brought to book over Genesee County doctor and text alert failure two associates have pleaded guilty in an $8 million health November 29th ,2019 - HSBC care fraud and kickback was found to have twice scheme involving members of broken Part 6 of the the United Auto Workers Competition and Market union…… Read full story Authority’s (CMA) Market Investigation Order and is refunding £8m to 115,000 customers…. Read full story ABOUT BENCHMATRIX

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