Tag: #FinancialCrime
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Swedbank’s Fresh AML Probe: What Happens When Remediation Doesn’t Stick
By Viktor Ha | February 2026 | AML-CAMS Blog A record SEK 4 billion fine. An internal investigation spanning 12 years. Remediation programs across four countries. A former CEO prosecuted. And on 20 February 2026 — just last week — Sweden’s Financial Supervisory Authority (Finansinspektionen, or FI) announced it will investigate whether Swedbank’s customer due Read more
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Bendigo Bank’s $50M Capital Add-On: Analyzing the APRA & AUSTRAC Joint Enforcement
By Viktor Ha | February 2026 | AML-CAMS Blog When APRA and AUSTRAC jointly announced enforcement action against Bendigo and Adelaide Bank on 17 December 2025, the headline number was AUD 50 million — an operational risk capital add-on that landed effective 1 January 2026. But the number is not the story. The story is Read more
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Singapore’s $3B Money Laundering Case: Elite Facade Crumbles
Dawn Raids: Inside Singapore’s $3B Money Laundering Bus On August 15, 2023, Singapore’s calm cracked. The Singapore $3B money laundering case unfolded across Sentosa Cove and Rochalie Drive as 400 officers hit luxury homes. Supercars, golf club memberships, and Good Class Bungalows masked a network linked to Chinese gambling and Southeast Asian scam compounds. It Read more
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The CBA Money Laundering Scandal Explained: AUSTRAC’s $700M Wake-Up Call for Banks
The Promise—and Pitfall—of Innovation In 2012, the Commonwealth Bank of Australia (CBA) launched Intelligent Deposit Machines (IDMs), promoted as a leap forward in customer convenience. For the first time, customers could deposit cash or cheques instantly—no queues, no tellers, and immediate availability of funds. It was a bold vision to modernize banking and stay ahead Read more
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Navigating Compliance: How NAB Addressed AUSTRAC’s Findings and What It Means for Australian Banking
Australia’s approach to money laundering and terrorism financing has sharpened over the past decade. In this challenging regulatory environment, few stories are as instructive—or as consequential—as National Australia Bank’s (NAB) multi-year journey under an enforceable undertaking (EU) with AUSTRAC. What started as a public acknowledgment of compliance failures ended with wholesale transformation of the bank’s Read more
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Under the Surface: How Gold and Art Shine in the Shadows of Crime
When we think about gold or priceless artwork, it’s easy to picture glittering jewelry stores or the austere halls of art museums. Beneath that glossy surface, though, these treasures have another story—a story hidden in the hustle of international trade, thick with secrets, suspense, and, sometimes, crime. Below are the two cases that examine how Read more
