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Fed backs down from aggressive bank capital requirements
Under a revised proposal, large banks would have to increase their capital reserves by 9% instead of by 19%.
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Is TD Bank’s massive fine yet another Band-Aid on a broken AML system?
Failure to prevent being used as a conduit for laundering money – despite its investment in AML technology – could see the bank fined $4 billion.
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SEC hits John Deere with FCPA charges for subsidiary’s role in Thailand
The business revamped its anti-bribery internal controls and policies, and began offering a bimonthly compliance newsletter and compliance-centered podcast.
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FINRA disciplinary action update 2024/33
Disciplinary decisions issued August 17 – 23, 2024.
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European court upholds $2.6 billion fine against Google
The ECJ has said the European Commission was right to fine Google back in 2017. Google denies any wrongdoing.
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SEC’s Marketing Rule sweep hits nine IA firms with $1.2m in fines
The sweep sent a warning to IA firms about the importance of accuracy in advertising industry awards and touting conflict free advice.
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Former Swedbank CEO Birgitte Bonnesen sentenced to prison
Bonnesen provided misleading information about money laundering connections in the bank’s Estonian offices to Swedish news media.
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Increased ESG reporting shows there is profit in compliance
Research is helping to make the case that ESG disclosures are good for business.