Compliance
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SAN FRANCISCO, May 8- CBOE Holdings Inc expects to be fined as much as $10 million to resolve a probe by federal authorities into its duties as a self-policing organization. It also expects any settlement to require it to beef up its compliance and regulatory programs, CBOE said in its quarterly filing with the U.S. Securities and Exchange Commission.
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ABU DHABI, May 8- The United Arab Emirates, a major financial hub in the Middle East, has revoked the licences of two money exchange companies for non-compliance with regulations including rules against money laundering, the central bank said on Wednesday. The companies were identified as Al Hilal Exchange and Asia Exchange Centre.
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NEW YORK, May 2- Financial advisers may need to be more careful then ever when using special "senior" credentials to market themselves to older Americans after the newest U.S. financial regulator took aim at those designations, say compliance professionals.
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NEW YORK, May 2- Financial advisers may need to be more careful then ever when using special "senior" credentials to market themselves to older Americans after the newest U.S. financial regulator took aim at those designations, say compliance professionals.
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NEW YORK, May 2- Financial advisers may need to be more careful then ever when using special "senior" credentials to market themselves to older Americans after the newest U.S. financial regulator took aim at those designations, say compliance professionals.
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BOSTON, May 2- Hedge fund titan Steven A. Cohen told investors on Thursday that his $15 billion fund will claw back earnings of any employees whose conduct leads to regulatory or criminal sanctions, according to a letter being sent to investors.
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LONDON, April 30- Lloyds Banking Group said on Tuesday Ireland's financial regulator Matthew Elderfield would join the bank in October with responsibility for overseeing all compliance and conduct risk activities.
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LONDON, April 29- Nearly nine in 10 financial services executives are struggling to recruit staff with the right skills as regulatory changes boost demand for experts in areas such as compliance and accounting, a report suggested on Monday.
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HONG KONG, April 25- Hong Kong's banking regulator said on Thursday it was doubling the size of its anti-money laundering team to strengthen supervision amid intensifying scrutiny of monitoring and compliance systems at global financial institutions.
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Jan 31- Ben Venue Laboratories Inc., a unit of German drug company Boehringer Ingelheim, may not freely make or distribute drugs from its facility in Bedford, Ohio, until U.S. regulators have determined it is in compliance with good manufacturing standards. Ben Venue has repeatedly violated good manufacturing practices, the FDA said in a statement.
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NEW YORK, Jan 11- U.S. regulators are likely to order JPMorgan Chase& Co to correct lapses in how it polices suspect money flows, in an action expected as soon as Friday, people familiar with the situation said. JPMorgan will probably not have to pay a monetary penalty, according to one person familiar with the situation. A JPMorgan spokeswoman declined to comment.
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NEW YORK, Jan 11- A U.S. regulatory probe of JP Morgan Chase& Co is expected to result in an order that the bank correct lapses in how it polices suspect money flows, in an action expected as soon as Friday, people familiar with the situation said. The order is expected to be issued by the Office of the Comptroller of the Currency and the Federal Reserve.
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LONDON, Dec 12- Barclays has appointed Hector Sants, former boss of British regulator the Financial Services Authority, to oversee its compliance and relationship with governments and regulators as it looks to repair its battered reputation. Barclays said Sants will oversee compliance activities across the bank in all the regions in which it does business.
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LONDON, Dec 11- HSBC Holdings must employ an independent monitor to oversee its compliance with anti-money laundering and sanctions rules after admitting it failed to prevent the laundering of criminal cash, Britain's financial regulator said.