Out of control – the Commerzbank London case

Denis O’Connor, a Fellow of both the Institute of Chartered Accountants in England & Wales and the Chartered Institute of Securities and Investment, was a member of the British Bankers’ Association Money Laundering Committee from 2003-10 and a member of the Joint Money Laundering Steering Group’s Board and Editorial Panel between 2010 and 2016. He has been a frequent speaker at industry conferences on financial crime issues, both in the UK and abroad.

The UK regulator’s charge sheet of AML failings over five years at Commerzbank in London is varied, and lengthy. Denis O’Connor works patiently through the painful chronology of non-compliance.