RISKCHECK October 2020 LATEST NEWS on OPERATIONAL RISK [email protected] |

RISKCHECK October 2020 LATEST NEWS on OPERATIONAL RISK Explore@Benchmatrix.Com |

RISKCHECK October 2020 LATEST NEWS ON OPERATIONAL RISK [email protected] | www.benchmatrix.com

1. FIA arrests five NBP employees for Rs472m fraud 2. The 11 most important things in the leaked FinCEN files, which exposed $2 trillion in suspicious transactions and are roiling the world of finance 3. Australian bank agrees to $919M fine for money laundering 4. CBIRC Hits Minsheng Bank, Guangfa Bank, Huaxia Bank and Two Others with $46.8M in Fines 5. Peru: APDP fines bank for cyber attack resulting in unauthorised access to customer data 6. Six Pakistani banks named in FinCEN leak 7. Chilean bank shuts down all branches following ransomware attack 8. 44 Indian banks reported to watchdog for large suspicious transactions 9. Nine indicted in identity theft and bank fraud conspiracy 10. Public urged to be vigilant over telephone banking fraud 11. Sebi penalises Federal Bank employee for violating market norms 12. Sebi penalises Biocon's employee for violating insider trading norms 13. Robinhood faces SEC probe over deal disclosure 14. Swiss watchdog reprimands Bank SYZ for breaching money laundering rules 15. Deloitte fined record £15m over ‘serious and serial failures’ in Autonomy audit 16. U.S. Regulators Prepare to Reprimand Citigroup for Failing to Improve Risk Systems 17. Deutsche’s Compliance Procedures Limit Damage of Sanctions Settlement 18. Islamic bank in Mauritius loses licence over 1MDB link 19. CFTC Orders JPMorgan to Pay Record $920 Million for Spoofing and Manipulation 20. CFTC Orders Three Citibank Affiliates to Pay $4.5 Million for Supervision Failures That Led to Deletion of Subpoenaed Audio Recordings 21. Feds: NC man used fake businesses in $1.7 million PPP loan scheme 22. Cyber threats: Limited ATM Booth operation likely to continue 23. ANZ customers lose access to millions of dollars in erroneous loan redraw balances

FIA arrests five NBP CBIRC Hits Minsheng Chilean bank shuts employees for Rs472m Bank, Guangfa Bank, down all branches fraud Huaxia Bank and Two following ransomware Others with $46.8M in attack SEP 2nd, 2020 - ISLAMABAD: Fines The Federal Investigation SEP 7th, 2020 - All Agency (FIA) has arrested five SEP 6h, 2020 - The China BancoEstado branches will officials of the National Bank Banking and Insurance remain closed on Monday, of Pakistan....….. Read full Regulatory Commission September 7, and possibly story (CBIRC) has announced the more days…. Read full story imposition of hefty The 11 most important penalties..,...... Read full 44 Indian banks things in the leaked story reported to watchdog FinCEN files, which for large suspicious exposed $2 trillion in Peru: APDP fines bank transactions suspicious transactions for cyber attack and are roiling the resulting in SEP 27th, 2020 - At least 44 world of finance unauthorised access to Indian banks have been customer data identified in connection with SEP 21th, 2020 - Thousands transactions by Indian entities of leaked documents shared SEP 17th, 2020 - The and individuals in a set of with journalists have Peruvian data protection Suspicious Activity Reports shown,....….. Read full story authority ('APDP') announced, (SARs) filed by...... Read full on 17 September 2020, that it story Australian bank agrees had fined the Credit Bank…. to $919M fine for Read full story Nine indicted in identity money laundering theft and bank fraud Six Pakistani banks conspiracy SEP 24h, 2020 - Australia’s named in FinCEN leak second-largest bank has SEP 4th, 2020 - Nine men agreed to pay a $919 million SEP 21th, 2020 - Six were charged in a 13-count fine for breaching.…. Read Pakistani banks have been indictment for a bank fraud full story named in an investigation on and identity theft scheme with the role global banks play in hundreds of victims, money laundering by., ...... including….. Read full story Read full story

Sebi penalises Federal Swiss watchdog Deutsche’s Compliance Bank employee for reprimands Bank SYZ Procedures Limit violating market norms for breaching money Damage of Sanctions laundering rules Settlement SEP 01ST, 2020 - Capital markets regulator Securities SEP 24th, 2020 – Swiss SEP 14th, 2020 - A U.S. unit and Exchange Board of India financial market supervisor of Deutsche Bank AG paid a (Sebi) on Thursday penalised FINMA on Thursday fraction of the maximum an employee of Federal Bank reprimanded private Bank penalty it could have faced NSE -0.58 %, who is also a SYZ over money laundering to....….. Read full story designated person, for rules breaches involving violating.....….. Read full story business ties with...... …. Islamic bank in Read full story Mauritius loses licence Sebi penalises Biocon's over 1MDB link employee for violating Deloitte fined record insider trading norms £15m over ‘serious and SEP 01ST, 2020 - Mauritius’ serial failures’ in first Islamic bank was reported SEP 24th, 2020 - Markets Autonomy audit to have had its license revoked regulator Sebi on Thursday by the country’s central bank levied a fine of Rs 5 lakh on SEP 18th, 2020 - Deloitte has after...... Read full story an employee of Biocon Ltd been ordered to pay a record NSE -1.23 % for violating £15 million fine for “serious CFTC Orders JPMorgan insider trading norms while and serial failures” in its audit to Pay Record $920 dealing in,....….. Read full of,.….. Read full story Million for Spoofing and story Manipulation U.S. Regulators Prepare Robinhood faces SEC to Reprimand Citigroup SEP 29th, 2020 -The probe over deal for Failing to Improve Commodity Futures Trading disclosure Risk Systems Commission today issued an order filing and settling SEP 07th, 2020 - Digital SEP 15th, 2020 - Federal charges agains...... ….. Read brokerage firm Robinhood regulators are preparing to full story could be facing a civil fraud reprimand Citigroup Inc. for penalty the Securities and failing to improve its risk- Exchange Commission (SEC) management systems—an over...... Read full story expansive set of...….. Read full story

Public urged to be Cyber threats: Limited vigilant over telephone ATM Booth operation banking fraud likely to continue

SEP 25h, 2020 - Police SEP 8th, 2020 Most of the Scotland is urging members of banks in the country are the public to be vigilant keeping their ATM (automated following recent reports of teller machine) Booth telephone banking fraud.…. operation suspended for 6-8 Read full story hours at night following an alert issued by Bangladesh CFTC Orders Three Bank on...... …. Read full Citibank Affiliates to story Pay $4.5 Million for Supervision Failures ANZ customers lose That Led to Deletion of access to millions of Subpoenaed Audio dollars in erroneous Recordings loan redraw balances

SEP 28th, 2020 -The SEP 29th, 2020 - ANZ Bank Commodity Futures Trading has restricted access to loan Commission today announced redraw facilities for thousands it has issued an...... ….. Read of customers after discovering full story it had accidentally inflated their account balances by,.….. NC man used fake Read full story businesses in $1.7 million PPP loan scheme

A Garner man is facing federal charges for fraudulently seeking millions in COVID-19 relief funds – and using companies named after “Game of Thrones” characters to do it – according to...... Read full story

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