Search Results for: compliance
Interview with Benoît Cœuré, Member of the Executive Board of the ECB
March 9th, 2015
Interview with Benoît Cœuré, Member of the Executive Board of the ECB, conducted by Yannis Seitanidis on 8 March 2015 The ECB’s Governing Council had a meeting in Nicosia, two years after the “bail-in” agreement on the recapitalisation of ...
London police raid offices of Forex Broker firm
March 9th, 2015
Three days ago police raided offices in the Heron Tower, hauling 13 City workers out of the building and away for questioning. The event has sent shockwaves through the Square Mile; but aside from pub gossip and wine bar ...
International and regional bodies that combat money laundering (part C)
March 9th, 2015
Introduction Money laundering is a global phenomenon that thrives parasitically on the world’s financial markets. It ignores national boundaries in much the same way that the financial market place does. It has been accepted that this problem requires both ...
NFA takes emergency enforcement action against Burnet, Texas firm McElhannon Group, Inc.
March 6th, 2015
National Futures Association (NFA) announced today that it has taken an emergency enforcement action against McElhannon Group, Inc. (McElhannon), an NFA Member commodity trading advisor (CTA) located in Burnet, Texas, and Philip Mack Worley (Worley), a principal and associated person (AP) of McElhannon. ...
Commerzbank nears $1.4 billion-plus settlement with U.S. – sources
March 6th, 2015
Commerzbank AG (CBKG.DE) is nearing an agreement to pay U.S. authorities more than $1.4 billion to settle allegations it violated U.S. sanctions and a separate investigation that stemmed from the Olympus Corp (7733.T) accounting scandal, according to two people ...
Formal warning issued by The Reserve Bank of New Zealand to JPMorgan Chase Bank, N.A. New Zealand Branch
March 6th, 2015
The Reserve Bank of New Zealand (RBNZ) has issued a formal warning to JPMNZ under section 80 of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009. As the supervisor of banks and other reporting entities for compliance ...
SEC Charges Texas-Based Brokerage Firm With Violating Supervisory and Customer Protection Rules
March 5th, 2015
The Securities and Exchange Commission today charged an Irving, Texas-based brokerage firm with violating key customer protection rules after failing to adequately supervise registered representatives who misappropriated customer funds. H.D. Vest Investment Securities agreed to settle the charges by ...
Mario Draghi: Introductory statement to the press conference in Nicosia
March 5th, 2015
Latest Update, March 06, on March 05 release of President of the ECB Introductory statement. The update is regarding Questions and Answers. You can find the Questions and Answers at the end of the following statement. Mario Draghi, President ...
EBA: Consultation on Guidelines on sound remuneration policies
March 5th, 2015
The European Banking Authority (EBA) launched today a three-month public consultation on its Guidelines on sound remuneration policies. These draft Guidelines set out the governance process for implementing sound remuneration policies across the EU, as well as the specific ...
Enforcement action under the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (the Act)
March 4th, 2015
JPMorgan Chase Bank, N.A. New Zealand Branch (JPMNZ) The Reserve Bank of New Zealand (RBNZ) has today issued a formal warning to JPMNZ under section 80 of the Act. As the supervisor of banks and other reporting entities for ...
