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Compliance

  • *Hyundai says it will cooperate sincerely with probe. On Saturday, a Hyundai spokesman in Seoul said the company "has conducted recalls in compliance with U.S. regulations and procedure" and will "sincerely" cooperate with the probe. Kim Gwang- ho, then an engineer at Hyundai, flew to Washington in August 2016 to tell NHTSA the company was not taking enough action to...

  • NEW YORK, May 3- Wal-Mart Stores Inc said on Wednesday it was considering getting certified under a new international program that could help companies defend themselves against isolated cases of corruption or poor business practices. The International Organization for Standardization developed the so-called anti-corruption compliance program and...

  • The letter on Monday was sent by Ronald Lorentzen, acting assistant secretary for enforcement and compliance with the Commerce Department, to Juan Cortina Gallardo, president of Mexico's sugar chamber. Termination of the agreement would result in large anti-dumping tariffs being slapped on sugar imports from Mexico. The latest twist in the sugar trade...

  • The letter on Monday was sent by Ronald Lorentzen, acting assistant secretary for enforcement and compliance with the Commerce Department, to Juan Cortina Gallardo, president of Mexico's sugar chamber. The latest twist in the sugar trade dispute between Mexico and the United States comes as ties between the two nations have frayed under U.S.

  • TORONTO, April 27- Exiger, a firm that helps businesses monitor compliances such as money laundering regulations, has agreed to buy OutsideIQ, a Canadian startup that specializes in technology that helps businesses assess and manage risk. The deal, reported earlier by Reuters, is for C $30 million, according to a person familiar with the agreement, and is one of the...

  • 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...

  • 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.