U.K.'s FCA fines bank over faulty automated transaction surveillance system
The employee worked in the bank's anti-money laundering department
OSC asked to review OM exemption, beneficial ownership registry being examined
Bulletin alerts industry firms to risky activity involving legal profession
Ratings dropped amid concerns about bank's risk management
Bank has flexibility to pivot, cushioning the impact of regulators' sanctions
Bank agreed to pay US$3.09 billion in fines on Thursday
Non-financial sanctions put limits on the bank's growth in the U.S.
Monetary impact is immaterial, but bank's rep takes another hit
Challenger bank kept adding risky clients after review