FCA fines Guaranty Trust Bank (UK) Limited (GT Bank) £7,671,800 for serious weaknesses in its anti-money laundering (AML) systems and controls.

FCA - Financial Conduct Authority

Source

Published on Jan. 10th, 2023 Published on Jan. 10th, 2023

Scenario: Conduct / Breach of AML, Terrorism Financing or Sanctions Regulations

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Apr. 4th, 2023

MSTAR scenario of the month - Trading Error

This month let's explore the quantification of this scenario through a wizard and what-if simulations, plus a sneak peek at the concept of the Exposure Table. Find an in-depth explanation in our book (Operational Risk Modeling in Financial Services: The Exposure, Occurrence, Impact Method), Chapter IV, §10 "IV.10 A step towards Oprisk Metrics" .