Search Results for: Iran
Zulutrade fined by CFTC
September 10th, 2014
The U.S. Commodity Futures Trading Commission (CFTC) announced the filing and simultaneous settlement of charges against Zulutrade, Inc., a CFTC-registered Introducing Broker located in Piraeus, Greece, for failure to diligently supervise activities relating to its business as a CFTC ...
Rosneft struggles to grow as sanctions hit Russia’s oil champion
September 9th, 2014
The Kremlin’s prized oil firm Rosneft is cutting staff and production and selling stakes in Siberian fields in the strongest evidence to date that Western sanctions are hurting what was the world’s fastest growing oil firm in recent years. ...
Citi to pay $217,841 to settle OFAC violation liabilities
September 4th, 2014
Citigroup Inc (C.N) has agreed to remit $217,841 to settle potential civil liability for apparently violating multiple sanctions programs of the Office of Foreign Assets Control (OFAC), the U.S. Department of Treasury said on Wednesday. Citi Penang, the bank’s ...
Commerzbank near to settling U.S. sanctions probes
September 4th, 2014
German lender Commerzbank AG (CBKG.DE) is nearing agreement with U.S. authorities over its dealings with Iran and other countries under U.S. sanctions, sources familiar with the matter said. The bank is expected to pay about $650 million to resolve ...
NATO Set to Ratify Pledge on Joint Defense in Case of Major Cyberattack
September 1st, 2014
When President Obama meets with other NATO leaders later this week, they are expected to ratify what seems, at first glance, a far-reaching change in the organization’s mission of collective defense: For the first time, a cyberattack on any ...
JPMorgan and Other U.S. Banks Struck by Cyberattack
August 28th, 2014
JPMorgan Chase and a number of other United States banks, including at least four others, were struck by hackers in a series of coordinated attacks this month, according to four people briefed on a continuing investigation into the crimes. The hackers ...
PWC fined $25m regarding Bank of Tokyo consult issues
August 19th, 2014
PWC has been fined $25m (£15m) and banned from some consulting work for two years by New York State’s financial regulator because of misconduct during work at Bank of Tokyo-Mitsubishi. The deal, agreed yesterday with New York’s Department of ...
StanChart faces fresh $300m US settlement
August 19th, 2014
Standard Chartered is in talks to pay up to $300m to New York’s top banking regulator to settle allegations it failed to identify suspicious transactions. New York’s Department of Financial Services could announce the settlement as soon as this ...
West TX Oil up to $94.80 on Easing Supply Risks
August 19th, 2014
Brent crude edged up towards $102 a barrel on Tuesday, but stayed near a 14-month low reached in the previous session on weak demand and easing concerns over risks to supply. Brent shed nearly $2 on Monday, as investor ...
Money-Laundering increase, urges hiring by British Banks
August 18th, 2014
U.K. banks have made a push to hire more anti-money laundering staff as regulatory scrutiny grows, with a 54 percent increase in the number of roles available over the last year, according to a recruitment firm. More than 2,157 ...
