Key Bank Settles $7.7M False Claims Act Violation Case Key Bank has agreed to pay $7.7 million to settle allegations by US authorities that it violated the False Claims Act. The case involved a branch manager who fraudulently conspired to obtain loan forgiveness under the Paycheck Protection Program. This settlement resolves the claims related to the submission of these fraudulent loans.

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Published on Jan. 7th, 2026 Published on Jan. 7th, 2026

Scenario: Fraud / Wire Transfer Internal Fraud

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May. 20th, 2026

We were pleased to take part in the Risk.net session in Singapore. Constructing trust: The role of structured scenarios in AI-driven operational risk quantification.

A great opportunity to discuss how structured scenarios and AI can improve transparency, challenge assumptions more effectively, and strengthen operational risk quantification practices. Thank you to everyone who joined the discussion.