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Historical Perspective - Worldwide
Bank of Commerce and Credit International
­Money Laundering Issues
­Non Compliance to Regulatory Body
­Questionable Transactions
Royal Bank of Scotland
-Lack of Control in AML and KYC
(Relaxed penalties from FSA)
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Enron
­Misreporting in Financial Statements
­Internal Fraud
ING Barings
­Unauthorized trading
­Lapse in senior management supervision