DEUTSCHE’S NEW COMPLIANCE CHIEF: Frankfurt-based Deutsche Bank has appointed a Barclays executive to oversee compliance at Germany’s largest lender. who was also previously with, will join in April, after holding a similar role at Barclays, according to the memo signed by board member Stefan Simon.
She is currently Group Chief Compliance Officer at , with seven years in the role and based in London.
Find the story here: Deutsche Bank appoints Barclays executive Laura Padovani as new compliance chief
DANSKE CHIEF TO STEP DOWN: Further north, in Copenhagen, Danske Bank’s Chief Compliance Officer Satnam Lehal has announced he will be stepping down from his post.
Lehal has been CCO for just over one year. There was no indication from his announcement on social media about his future plans.
Satnam Lehal revealed he will be “leaving Danske Bank in early 2024” and said “we have achieved a huge amount since I joined in Summer 2019”.
Find the story here: Danske Bank’s Chief Compliance Officer announces he will step down in 2024
GAMING CO FINED: The UK Gambling Commission has fined online gaming company, Vivaro Limited trading as Vbet £338K (€382K) for anti-money laundering (AML) policies, procedures and controls.
The investigation revealed internal weaknesses in Vivaro Limited’s AML and safe gambling processes, which led to the settlement.
Find the story here: UK’s Gambling Commission fines Vivaro Limited £338K (€382K) over AML failures
MESSAGE FROM SENECA COLLEGE: Seneca, one of Canada’s leading postsecondary institutions has unveiled an AML Governance executive certificate, it’s been announced.
Offered through flexible delivery, this course is designed for leaders and managers in the AML and Compliance space, who want to enhance and develop their skills and executive presence.
Learners will be taught by expert faculty and guest speakers working in the industry and will also gain hands-on experience in the sector.
Courses are scheduled for Wednesday evenings, allowing students to continue to work full time. More details on this exciting development here: CLICK HERE
N26 DOUBLES DOWN ON CRYPTO: German online bank N26 said today (Tuesday) it’s expanding the list of countries where customers can trade cryptocurrencies.
Germany and Switzerland will now join the jurisdictions where the digital bank offers the service, along with Belgium, Portugal and Ireland.
Founded in 2013, the Berlin-based bank has been cited by regulators for lapses in its anti-money laundering controls. The bank has said that it has made improvements.
READ the story here: German online bank N26, which was cited for AML lapses, to expand crypto trading
Get your message in front of over 18,000 AFC and Compliance executives throughout the world. Contact James Treacy firstname.lastname@example.org for further information.
SUBURRA BECOMES REAL: MAFIA drama and real-life investigations collided on the coastal suburbs of Rome recently when an actual police raid on the mob was mistaken for filming of the Netflix crime series Suburra.
The scene came in recent weeks when Carabinieri investigators were searching several garages in Ostia as they probed the activity of local gangs. What has surprised a lot of locals and police themselves however is that those same garages were used as locations in an earlier series of the gritty crime drama.
Even more intriguingly, at the same time as police launched their operation, the Suburra crew and actors were back to shoot the fourth season of the series. We have the full incredible story.
CALL FOR ACTION: Swiss prosecutors should enforce laws against money-laundering more effectively as the country remains a soft touch for corporate financial corruption, an ethics group said on Friday.
The Swiss branch of Transparency International said there had been just 10 documented convictions for money laundering and related corruption, carried out in the context of companies’ business transactions, under laws that came into effect in 2003.
Read the story here: Ethics group urges tougher Swiss action over money-laundering
COURT CASE: THE US Supreme Court today (Tuesday) began hearing arguments from Turkish state-owned lender Halkbank to avoid money laundering charges for allegedly helping Iran evade sanctions.
The judges are weighing Halkbank’s appeal of a lower court’s ruling in favor of the US government that allowed the prosecution of the bank to proceed.
The case tests Halkbank’s contention that it is shielded from prosecution because, as an entity majority owned by the Turkish government, it has sovereign immunity.
WOMEN IN FINCRIME: The award-winning Women In FinCrime Summit takes place on February 22nd (2pm-5pm GMT).
Have you registered your place for the stand-out Anti-Financial Crime (AFC) summit of the year. We will be joined by:
– Elżbieta Franków-Jaśkiewicz, Chair of MONEYVAL & Vice Chair, Egmont Group of Financial Intelligence Units
– Alexandra Jour-Schroeder, Deputy Director General, DG FISMA, European Commission
– Brenda Lucki, Commissioner, Royal Canadian Mounted Police | Gendarmerie royale du Canada Police (RCMP)
– Dr. Shlomit Wagman, former DG Israel Money Laundering & Terrorism Prohibition Authority (IMPA)
– Ilze Znotina, former Director, Financial Intelligence Unit (FIU) Latvia
– Toni Gillich, Assistant Director, Forensic Audit and Investigative Service, GAO
– Nana Lisa Heider, Head, Financial Crime Intelligence Unit, Deutsche Bank
The theme of the February 22 Summit is ‘Emerging Technology in the Fight Against Financial Crime.’
Book your place now HERE !
CORPORATE GIFT: Give the gift that will please every Anti-Financial Crime professional this year – an ‘AML Intelligence’ Membership.
Department leaders can purchase a corporate ‘AML Intelligence’ Membership for your team.
Alternatively, you can buy individual Memberships. Our members get access to our premium content, complimentary access to our award-winning conferences and access to ‘Regulatory Watch.’
Find out more here now: Go to https://lnkd.in/eMbkm6p
MOVERS & SHAKERS: Check out our jobs portal for the latest roles in Compliance, FinCrime and AML.
We have special offers for Individual and Corporate Members. Your Chief Compliance Officer, Department Head, or Chief Librarian can contact us about our Enterprise Membership for your organisation.