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Canadian regulators fined the Industrial and Commercial Bank of China CA$700,000, or $546,000 U.S. dollars, for neglecting to report suspicious activity and address customer-related risk, marking their first public penalty against a bank in more than five years. In a brief press release Thursday, the Financial Transactions and Reports Analysis Centre of Canada, or Fintrac, said that an examination of ICBC's local affiliate two years ago found that the lender also failed "to institute and document the prescribed review of some areas of its compliance policies and procedures." ICBC had already paid the administrative penalty, according to Fintrac, which did...