11/20/2018
“The absence of an effective, global sanctions-compliance infrastructure and lack of management oversight allowed Société Générale employees to ignore the scope and applicability of laws governing economic sanctions, as w
11/20/2018
Barclays was accused of concealing 21.6 billion pounds (then about US$42 billion) of mortgage-backed securities and other risky assets insured by monoline insurers, and a March 2008 “directive” by the U.K. Financial Services Authority requirin
11/19/2018
The report examines existing challenges and considers alternative models that could in time result in improvements in speed, cost and transparency for users.
11/19/2018
Gilbert’s bank began an investigation after getting notified by the Salvation Army that it was supposed to get funds from an account whose owner had died
11/19/2018
The former broker initially cooperated with Finra’s investigation into his discharge, but stopped doing so in September 2018, by first sending an incomplete response and then informing Finra staff through his lawyer that he would not provide the res
11/19/2018
Government will review small minority stakes in sensitive technologies
11/16/2018
The opening may portend broader and more direct engagement of offshore firms with onshore clients.
11/16/2018
The donor, or grantor, is the individual who creates the trust and transfers her personal assets into it. The trustee manages the trust and its assets as directed by the trust document.
11/16/2018
In our view, the Division’s first principle—focus on main street, retail investors—is a bit of a shift in priorities by the current administration, away from attention on the Wall Street institutions and the practices that many blamed fo
11/16/2018
American corporations have used tax havens for years to avoid higher levies where they actually earn the income.
11/16/2018
The CFTC cautions that orders requiring repayment of funds to victims may not result in the recovery of any money lost because the wrongdoers may not have sufficient funds or assets.
11/15/2018
The soon-to-be-released rules will also likely encompass “quite a few other issues”
11/14/2018
“The new payment system [...] will assist the banks as they work toward commercializing a high-speed, transparent and traceable cross-border payments solution between Japan and Brazil,”
11/14/2018
Danske Bank, Denmark’s largest bank, is being investigated over what has been termed “massive money laundering flows” from Russia and several former Soviet states.
11/14/2018
Mr Mahathir has also refused to rule out banning Goldman from Malaysia.
11/13/2018
The sources said that the business up for sale is part of Rabobank N.A., the California-based unit of the bank
11/13/2018
Based on information shared with Concilla by the brokers who have been solicited, he says those lawyers charge as much as $3,000 a month until the case closes, which those lawyers estimate at around 14 months.
11/13/2018
According to Baldeck, “Morgan Stanley determined that I was reimbursed $272.94 from those funds to pay for meals with my daughters.”
11/13/2018
We are happy to welcome participants from 15 countries in LAC to the Singapore FinTech Festival this year.
11/12/2018
Andrea Vella was placed on leave by the bank after being caught up in the 1MDB affair