Compliance

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  • SHANGHAI, March 29- Britain's finance regulator may ramp up financial crime inspections at the London branches of two of China's biggest banks, with a focus on money laundering and anti-corruption, the Chinese magazine Caixin quoted unidentified sources as saying. China's banks have been dogged by allegations of lax compliance and money laundering in their...

  • Some industry groups have vowed to fight it in court and in the U.S. Congress, calling it unnecessary and warning that compliance will cost billions of dollars. Labor Secretary Thomas Perez at a news conference at the International Masonry Institute in Bowie, Maryland on Thursday called the deaths of thousands of workers over the last century from...

  • LONDON, March 22- The London Metal Exchange has just announced proposals for a new layer of regulatory oversight in the form of "accountability levels." However, this latest tweaking of LME compliance rules is all about an even bigger beast than the Wall Street heavyweight. It is Brussels that looms ever larger in the LME's thinking about how to preserve its unique...

  • LONDON, March 22- The London Metal Exchange has just announced proposals for a new layer of regulatory oversight in the form of "accountability levels". However, this latest tweaking of LME compliance rules is all about an even bigger beast than the Wall Street heavyweight. It is Brussels that looms ever larger in the LME's thinking about how to preserve its unique...

  • BRUSSELS, Feb 29- Europe sought to plug a gap in a new transatlantic data pact on Monday by urging U.S. firms to allow European Union privacy regulators to police compliance with the new rules. Brussels and Washington clinched a deal earlier this month on a new data transfer framework aimed at helping firms from both blocs seamlessly shuffle data between...

  • JPMorgan traders fired over compliance

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

  • The New York Department of Financial Services extended the deadline to March 31 from Feb. 1 on Wednesday to get more public input, a spokesman said on Thursday. Under the draft regulations, unveiled by New York Governor Andrew Cuomo in December, compliance officers could face criminal penalties for filing incorrect or false certifications about the...

  • Jan 8- Breast implant maker Sientra Inc said its medical implants were found to be safe during a third-party testing, three months after it suspended sales of the devices to ensure technical compliance. In a letter to plastic surgeons dated Thursday, Chief Executive Jeffrey Nugent said the regulatory bodies had reviewed the device and found it to be safe and...

  • *Announces new partnership with Israeli firm Mobileye. Jan 5- The head of Volkswagen AG's top-selling brand said on Tuesday he is confident the German automaker will reach agreement with U.S regulators to bring nearly 500,000 diesel vehicles into compliance with U.S. emissions laws. "We are confident we will find an acceptable solution," VW brand chief Herbert...

  • NEW YORK, Dec 17- A major Pakistani bank and its New York branch must boost measures to prevent money laundering after regulators found "significant breakdowns" in the bank's compliance with federal and state laws, New York's financial regulator said on Thursday. Habib Bank Ltd in Karachi and the New York branch must put a series of reforms in place, including...

  • DRAFTKINGS SAYS REGULATORY RISK AND COMPLIANCE FIRM EXIGER WILL HELP IT DEVELOP ITS SAFETY AND CONSUMER PROTECTION PRACTICES.

  • 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.