The U.S. Securities and Exchange Commission’s acting Democratic leadership hasn’t wasted time letting Wall Street know a new cop is on the beat.5
Romance scams have surged during the pandemic, compliance officers and regulators say. The scenario is putting some companies on high alert for suspicious financial transactions.
Norwegian bank DNB said an investigation into its alleged involvement in handling payments from an Icelandic fishing company embroiled in a bribery probe has been dismissed.
Kay Johnson says she was fired for investigating the chief executive over possible insider trading, allegations the company denies.
The former chief executive of Brazilian petrochemical company Braskem SA is in talks with U.S. prosecutors to settle charges stemming from his alleged role in a scheme to create a slush fund for illegal bribes, according to a court filing.
Compliance professionals hope government will provide more input on its expectations following the enactment of an anti-money-laundering reform law, a recent poll found.
Banks have ramped up reporting on cash transactions that fall just under the threshold of a key anti-money-laundering defense—a sign of how the closure of borders and businesses due to the coronavirus pandemic may have altered the way potentially illicit transactions are conducted, observers say.
When James Freis started at Wirecard last June, he reached a conclusion that he says others should have made much earlier: The highflying fintech company was ensnared in a massive fraud.
The U.K.’s Supreme Court placed a check on the country’s major economic crimes investigative agency.
Brazilian companies striving to attract investors focused on environmental, social and governance issues face challenges because of the country’s recent history of corruption, inequality and deforestation, money managers say.
Robinhood Markets is facing more than 30 civil lawsuits in relation to trading restrictions imposed by the online brokerage that temporarily limited purchases of certain securities last week, according to court records.
Former top executives at WageWorks agreed to settle claims that they made misleading statements that led to the improper recognition of $3.6 million in revenue, the Securities and Exchange Commission said.
Apple Bank for Savings will pay the FDIC $12.5 million for allegedly failing to comply with the Bank Secrecy Act.
Facebook has hired its first chief compliance officer, as the social media company faces increasing scrutiny from regulators.
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The Swiss lender said it would pay $600 million to settle a long-running case with credit insurer MBIA over toxic securities, as it seeks to clear a roster of legal and regulatory cases that have dragged on its profits for a decade.
The stress test will feature a scenario in which markets seize up and unemployment jumps above 10%.
