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Policies & Regulatory Compliance News

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106-120 of 384 results
US reopens probe into Standard Chartered’s role in sanctions violations
By BBR Staff Writer
The US regulators have reopened investigations to determine whether Standard Chartered withheld information regarding dealings with countries sanctioned by the US, including Iran.
Policies & Regulatory Compliance > News
US Court of Appeals upholds $203m fine on Wells Fargo Bank
By BBR Staff Writer
The US Court of Appeals for Ninth Circuit has upheld the decision of district judge William Alsup over $203 fine imposed on Wells Fargo Bank for deceiving customers.
Policies & Regulatory Compliance > News
Bank Leumi to pay $300m to New York DFS to resolve US tax evasion probe
By BBR Staff Writer
The New York State's Department of Financial Services (DFS) is reportedly seeking more than $300m in penalty from Bank Leumi to resolve probe into its alleged role in possible tax evasion by its US clients.
Policies & Regulatory Compliance > News
FINRA penalises two Merrill Lynch divisions over Regulation SHO violations
By BBR Staff Writer
Two Merrill Lynch divisions were censured and fined a total of $6m by the Financial Industry Regulatory Authority (FINRA) for violation of Regulation SHO and supervisory failures.
Policies & Regulatory Compliance > News
Alibaba gets clearance to open private bank in China
By BBR Staff Writer
The China Banking Regulatory Commission (CBRC) has given clearance to e-commerce giant Alibaba to set up a new private bank in the country.
Policies & Regulatory Compliance > News
Federal Bank questions banks' moves to cut hedge-fund taxes
By BBR Staff Writer
Large banks generate more than $1 billion a year in revenue by helping hedge funds and other clients reduce taxes through a complicated trading strategy that has drawn criticism from U.S. authorities.
Policies & Regulatory Compliance > News
EBA plans to act on banks that violate bonus cap
By BBR Staff Writer
European Union banking watchdog European Banking Authority (EBA) is reportedly planning to take action on banks that pay cash allowances sidestepping its bonus cap initiative.
Policies & Regulatory Compliance > News
Barclays to pay £38m fine for breaching CASS regulations
By BBR Staff Writer
Barclays Bank has accepted to pay a fine of £38m to Financial Conduit Authority (FCA) for breaching CASS regulations.
Policies & Regulatory Compliance > News
UK banks to pay 'hundreds of millions' in VAT post EU ruling: KPMG
By BBR Staff Writer
A new rule imposed by the European Court of Justice will force global financial institutions operating in the UK and Europe to pay hundreds of millions of pounds in additional value added tax (VAT), according to a report by KPMG.
Policies & Regulatory Compliance > News
HSBC to pay $550m to US regulators to settle faulty mortgage case
By BBR Staff Writer
HSBC North America has agreed to pay $550m to the Federal Housing Finance Agency (FHFA) to settle the claims of miss-selling mortgage-related bonds to Fannie Mae and Freddie Mac during 2005-2007.
Policies & Regulatory Compliance > News
RBS, Natwest to pay £14.5m for improper mortgage advice
By BBR Staff Writer
The Financial Conduct Authority (FCA) of the UK has ordered the Royal Bank of Scotland (RBS) and NatWest to pay a fine of around £14.5m for failing to meet advisory standards in mortgage sales business.
Policies & Regulatory Compliance > News
Bank of America to pay $16.65bn fine over faulty mortgages
By BBR Staff Writer
The US Department of Justice has ordered the Bank of America (BofA) to pay $16.65bn to settle the claims over selling risky mortgage securities prior to the 2008 financial crisis.
Policies & Regulatory Compliance > News
South African Reserve Bank disagrees with Moody’s ratings of four banks
By BBR Staff Writer
Shares of the four largest South African banks fell to a five-week low even as the country's reserve bank disagreed with the downgrading of the banks' ratings by Moody’s Investors Service.
Policies & Regulatory Compliance > News
SEC charges Atlanta-based accountant for illegal insider trading
By BBR Staff Writer
The Securities and Exchange Commission announced charges against an accounting firm partner in Atlanta for insider trading in the stock of a restaurant company based on confidential information he learned from a client on the board of directors who came to him for tax advice in advance of a tender offer announcement.
Policies & Regulatory Compliance > News
Avaloq Banking Suite achieves full compliance with Australian tax system
By BBR Staff Writer
The Avaloq group, an international leader in integrated and comprehensive solutions for wealth management, universal and retail banks, announced that its Banking Suite has achieved full compliance with the Australian tax system.
Policies & Regulatory Compliance > News
106-120 of 384 results