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Compliance

  • The Environmental Protection Agency's move "resets the clock" for the effluent guidelines for power plants, providing relief to the plants from existing regulatory deadlines while the agency studies the regulation, EPA Administrator Scott Pruitt said in a statement. The EPA estimates that annual compliance costs to coal plants, once the rule goes into...

  • *DFS, HBL agree on settlement and closure of New York branch. WASHINGTON, Sept 7- The New York State Department of Financial Services said on Thursday Pakistan's Habib Bank has agreed to pay $225 million to settle an enforcement action brought against the bank for failing to comply with laws designed to combat illicit money transfers. The regulator said the bank,...

  • WASHINGTON, Sept 7- The New York State Department of Financial Services said on Thursday it had fined Pakistan's Habib Bank and its New York branch $225 million for failures to comply with laws and regulations designed to combat illicit money transactions. The DFS said on Thursday it had also imposed an order outlining conditions for the orderly closure of...

  • Sept 5- U.S. insurer American International Group Inc said on Tuesday Lucy Fato will assume the role of general counsel, effective Oct. 16. Fato, whose duties will include overseeing compliance, regulatory, government affairs and the company's lobbying efforts, will report to Chief Executive Brian Duperreault. Fato, who had earlier worked with Duperreault at...

  • KARACHI, Pakistan, Aug 29- Pakistan's largest bank, facing a possible $630 million fine over compliance failures by its New York branch, admitted mistakes on Tuesday but denied any wrongdoing and said the penalty sought by U.S. regulators was disproportionate. New York State's Department of Financial Services said on Monday it was seeking to fine Habib Bank Ltd...

  • WASHINGTON, July 24- The Federal Reserve announced Monday that it was streamlining part of its Volcker Rule compliance regulations, providing guidelines to banks seeking more time to start up and spin off new hedge funds and private equity funds. The Federal Reserve Board published new guidelines on Monday detailing how banks could apply for an extension for...

  • WASHINGTON, June 16- U.S. regulators told Fiat Chrysler Automobiles NV in November 2015 that they suspected some of the automaker's vehicles were equipped with secret software allowing them to violate emission control standards, according to emails disclosed on Friday. Byron Bunker, director of the EPA's Transportation and Air Quality compliance division,...

  • WASHINGTON, June 14- The Trump administration will suspend compliance dates on a rule limiting methane emissions from oil and gas companies working on public lands as soon as Thursday, according to an Interior Department document. The move is part of an effort by President Donald Trump, a Republican, to roll back the environmental regulations of former...

  • In a statement on its website, the FDA said additional time would "provide manufacturers covered by the rule with the necessary guidance from FDA." Last month the FDA delayed by a year a rule requiring restaurants and retailers to display food calorie counts, extending the deadline for compliance from May 5, 2017 to May 7, 2018. Other regulations the FDA could...

  • *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.

  • 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.