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Compliance

  • 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...

  • WASHINGTON, Oct 18- A U.S. Commodity Futures Trading Commission senior regulator is being thrust into the spotlight after the agency fined her former employer for a supervisory breakdown over illegal wash trades that primarily occurred on her watch. The commission's Sept. 28 civil case against Newedge USA LLC, now fully owned by Societe Generale, makes no...

  • WASHINGTON, Oct 18- A U.S. Commodity Futures Trading Commission senior regulator is being thrust into the spotlight after the agency fined her former employer for a supervisory breakdown over illegal wash trades that primarily occurred on her watch. The commission's Sept. 28 civil case against Newedge USA LLC, now fully owned by Societe Generale, makes no...

  • TAIPEI, Sept 30- A U.S. state regulator has found the Chicago banking branch of Taiwan's Mega Financial Holding Co has not met required compliance controls, the president of the Taiwanese financial firm told Reuters on Friday. President Bruce L.Y. Yang said financial regulators had uncovered problems with internal controls at the Chicago branch of Mega...

  • WASHINGTON, Sept 29- The Federal Reserve on Thursday told Agricultural Bank of China, one of the Asian country's top four banks, to bolster its compliance and risk management operations in order to ensure it adhered to U.S. rules. The Fed gave the Chinese bank 60 days to come up with a comprehensive plan to ensure it was in compliance with regulations issued by the...

  • 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.