Search Results for: compliance
FINRA Fines Deutsche Bank Securities Inc. $12.5 Million for Inadequate Supervision of Internal Communications
August 9th, 2016
The Financial Industry Regulatory Authority (FINRA) today announced it has fined Deutsche Bank Securities Inc. $12.5 million for significant supervisory failures related to research and trading-related information it disseminated to its employees, called ‘hoots’ or ‘squawks,’ over internal speakers ...
Goldman Sachs to pay a $36.3 million penalty
August 8th, 2016
The Federal Reserve Board on Wednesday ordered Goldman Sachs Group to pay a $36.3 million civil money penalty for its unauthorized use and disclosure of confidential supervisory information and to implement an enhanced program to ensure the proper use ...
ASIC cancels licence of Pacific Millennium International Investment Group Pty Ltd
August 5th, 2016
ASIC has cancelled the Australian financial services (AFS) licence of Pacific Millennium International Investment Group Pty Ltd (PMIIG) after it was found to have breached the obligations of a financial services licensee. PMIIG was authorised under its AFS licence ...
Barclays fined $1.3 Million for failures and violations
August 4th, 2016
The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Barclays Capital Inc. $1.3 million for systemic Order Audit Trail System (OATS) reporting violations and related supervisory failures. FINRA rules require firms to transmit to OATS complete ...
CySec suspends authorisation for providing Administrative Services
August 1st, 2016
The Cyprus Securities and Exchange Commission (CySec) announces that the authorisation for providing Administrative Services of «Mutual Trust Limited» (‘the Company’), with number 44/196, is suspended, pursuant to section 15(1)(b) of the Law Regulating Companies Providing Administrative Services and Related Matters of 2012, ...
Leading London based accounting firm announces investment by HgCapital a private equity firm
July 27th, 2016
Blick Rothenberg, a leading provider of accounting, audit and tax services based in the United Kingdom, has announced today an investment by HgCapital, which will sit within HgCapital’s Services sector. The terms of the transaction were not disclosed. Founded ...
LATAM Airlines agrees to pay $12.75M to settle accounting violations
July 26th, 2016
LATAM Airlines Group S.A. (LATAM), a commercial airline company based in Chile, has agreed to pay a $12.75 million criminal penalty in connection with a scheme to pay bribes to Argentine union officials via a false consulting contract with ...
Central Bank of Russia decided to revoke the banking license of a credit institution
July 25th, 2016
The Central Bank of Russia has issuesd a press releases to inform regarding its decision to revoke the banking license of a Russian Bank. According to the press release, the decision is due to the non-compliance by the Moscow-based credit institution ...
The International Ethics Standards Board for Accountants redefines accountants’ Ethical Role
July 18th, 2016
The International Ethics Standards Board for Accountants® (IESBA®, the Ethics Board) today released a new standard, Responding to Non-Compliance with Laws and Regulations. The standard sets out a first-of-its-kind framework to guide professional accountants in what actions to take in the public ...
Central Bank of Cyprus fined Hellenic Bank for more than €1 million
July 18th, 2016
The Central Bank of Cyprus (CBC), within the remit of exercising its supervisory role, may take, under subsection (6) of section 59 of the Prevention and Suppression of Money Laundering Activities Laws of 2007 to 2016, all or any ...
