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Compliance

  • OSLO, April 25- The European Commission is investigating whether mobile network operators in Sweden have abused their market position or engaged in anti-competitive practices, Norway's Telenor said in a statement on Tuesday. "Telenor has strict internal rules and procedures on compliance with laws and regulations," the company said, adding it would...

  • Scott Pruitt, the administrator of the Environmental Protection Agency, sent a letter announcing his decision to a coalition of energy companies that lobbied against the 2015 water pollution regulations. Pruitt responded Wednesday, saying he would delay compliance with the rule while EPA reconsiders the restrictions. EPA will also request that the U.S....

  • Wells Fargo CEO John Stumpf speaks at the Bay Area Council Outlook Conference on May 17, 2016 in San Francisco, California.

    A sales-oriented culture and a tendency to focus on effect rather than cause created the banking scandal engulfing Wells Fargo.

  • The software that monitors financial firms' employees

    Behavox CEO Erkin Adylov discusses the market for his compliance-monitoring software.

  • SHANGHAI, March 24- Agricultural Bank of China, the country's third-biggest lender, said it will spend three years building an anti-money laundering center to improve and centralize AML control, according to a statement circulated late on Thursday. The move comes after U.S. regulators fined the lender $215 million for inadequate compliance and days after...

  • SHANGHAI, March 24- Agricultural Bank of China, the country's third-biggest lender, said it will spend three years building an anti-money laundering centre to improve and centralize AML control, according to a statement circulated late on Thursday. The move comes after U.S. regulators fined the lender $215 million for inadequate compliance and days after...

  • SAO PAULO, March 17- The Brazilian unit of retailer Carrefour SA said on Friday it has asked its meat suppliers for information about a police investigation into alleged bribery of health inspectors to overlook unsanitary practices such as processing rotten meat. Carrefour said in a statement that it demanded strict compliance with food safety regulations...

  • March 14- Investment firms Spectrum Equity and Cressey& Co will acquire a significant stake in Verisys Corporation, a U.S. provider of data and software that help healthcare providers with regulatory compliance, the company said on Tuesday. Verisys' chief executive officer, John Benson, is also investing alongside Spectrum and Cressey, the company said.

  • TORONTO, March 10- OutsideIQ, a Canadian startup which uses cognitive computing to analyze data, is partnering with the world's largest business commerce network, SAP Ariba, to help corporations quickly screen vendors for risk and regulatory compliance, they said. Companies spend a significant portion of their budget on meeting regulatory requirements.

  • TORONTO, March 10- OutsideIQ, a Canadian startup which uses cognitive computing to analyze data, is partnering with the world's largest business commerce network, SAP Ariba, to help corporations quickly screen vendors for risk and regulatory compliance, they said. Companies spend a significant portion of their budget on meeting regulatory requirements.

  • ETF managers including BlackRock and Invesco have sent letters to the SEC arguing that the rules are unnecessary and could force some ETFs to be declared out of compliance or shut down even if the fund itself is not at risk. "There is a lot of concern about manipulation," said James Simpson, president of ETP Resources LLC, a consulting and data company, and a former...

  • Tech takes on rouge traders

    Colleen Graham, Chief Supervisory Officer at Signac, discusses Palantir and Credit Suisse's joint technology initiative to crack down on rogue traders.

  • JPMorgan traders fired over compliance

    Filings reveal that the two employees did not adhere to certain control processes.

  • Compliance risks as Iran sanctions lifted

    Hugh Jones, CEO of Accuity, says businesses may face compliance problems when they try to do business in new markets such as Iran, where sanctions are expected to be lifted next year.

  • The cost of compliance

    Francis Lun, CEO at GEO Securities says the cost of compliance will affect banks earnings for years to come.

  • Hector Sants’ break from his role as chief compliance officer at Barclays due to stress has highlighted the strains on banks’ internal policemen.

  • New Financial Regulations Hard to Manage?

    Neil Owen, global practice director at Robert Half Financial Services, discusses how challenging the "wave of new regulations" is for financial services executives, especially finding the right talents to implement the changes.