FCA fines Al Rayan Bank PLC (Al Rayan) £4,023,600 for failing to put in place adequate anti-money laundering (AML) controls.

FCA - Financial Conduct Authority

Source

Published on Jan. 11th, 2023 Published on Jan. 11th, 2023

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

To read more operational risk news, register for free on MSTAR Platform.

MSTAR News

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" .