All Banking articles – Page 13
-
News BriefSwedbank says Estonia money laundering probe closed
The Estonian branch of Swedbank is no longer under investigation regarding suspected money laundering and other criminal activities.
-
Blog
Zions Bancorporation appoints general counsel
Zions Bancorporation announced Rena Miller will take over as general counsel.
-
PremiumFinCEN head touts compliance through enforcement approach
Andrea Gacki, head of the Financial Crimes Enforcement Network, said recent enforcement actions by the agency have addressed significant gaps in the U.S. anti-money laundering/countering the financing of terrorism regime and exposed specific risk factors, trends, and typologies.
-
News BriefNew European AML agency to be based in Germany
The European Union’s recently approved Anti-Money Laundering Authority will be based in Frankfurt, Germany, and begin operations in 2025.
-
News BriefLloyds discloses FCA probe into AML controls
Lloyds is the latest U.K. financial institution being probed by the Financial Conduct Authority regarding its anti-money laundering control framework.
-
Resourcee-Book: Solving the off-channel communications conundrum
Firms attempting to meet regulatory requirements for monitoring employee use of off-channel communications for business purposes face a bedeviling number of obstacles.
-
News BriefBarclays says FCA probe into AML controls closed
Barclays Bank disclosed an investigation by the U.K. Financial Conduct Authority into the bank’s anti-money laundering controls has closed without a penalty.
-
News BriefWells Fargo says DOJ, SEC diversity hiring probes closed
Wells Fargo disclosed investigations by the Department of Justice and Securities and Exchange Commission into the bank’s diversity hiring practices concluded without enforcement action.
-
PremiumFed upping supervisory pressure as SVB collapse nears 1-year mark
Since the failure of Silicon Valley Bank nearly one year ago, the Federal Reserve Board has revamped its supervisory procedures to respond more quickly and forcefully once it identifies emerging risks at mid-sized and large banks, according to the agency’s vice chair for supervision.
-
News BriefJPMorgan bracing for $350M in penalties over trade surveillance
JPMorgan Chase disclosed in a regulatory filing it expects to be penalized approximately $350 million by two unnamed U.S. regulators over lapses in its trading surveillance activities.
-
News BriefEx-Sterling Bank GC cited by OCC over BSA-related failures
The Office of the Comptroller of the Currency issued a cease-and-desist order against the former general counsel at Sterling Bank and Trust for not ensuring the institution’s Bank Secrecy Act compliance and failing to timely file suspicious activity reports.
-
Blog
Bank of Sydney names risk chief
Australia-based Bank of Sydney announced the appointment of Kieran McKenna as chief risk officer.
-
Blog
State Department Federal Credit Union welcomes risk chief
State Department Federal Credit Union announced the appointment of Nicole Bowen as its new chief risk officer.
-
PremiumTable: SEC, CFTC off-channel communications penalties
The Securities and Exchange Commission and Commodity Futures Trading Commission have combined to levy nearly $3.5 billion in penalties (so far) against firms and their affiliates in response to recordkeeping failures regarding employee use of off-channel communications for business purposes.
-
Blog
UniBank promotes risk chief to interim CEO
U & I Financial Corp., the holding company of UniBank, announced the board of directors appointed Stephanie Yoon, executive vice president and chief risk officer, to interim chief executive officer.
-
Blog
Oliver Wyman adds ex-BNY Mellon CECO as partner
Global management consultancy Oliver Wyman announced Emma Bredin, the former chief compliance and ethics officer at BNY Mellon, will join the firm as a partner in its finance and risk practice and become head of the regulatory compliance practice for the Americas.
-
News BriefWestpac ordered to pay $1.2M in insider trading case
Westpac Banking Corp. was assessed a maximum fine of AUS$1.8 million (U.S. $1.2 million) to address charges levied by the Australian Securities and Investments Commission of insider trading related to an interest rate swap transaction.
-
Blog
Royal Bank of Canada names ex-Wells Fargo risk chief to board
Royal Bank of Canada announced Amanda Norton, former Wells Fargo executive vice president and chief risk officer, was appointed to its board of directors.
-
News BriefFinCEN alert flags Israeli extremists fomenting violence in West Bank
The Financial Crimes Enforcement Network issued an alert addressing the financing of Israeli extremist settler violence against Palestinians in the West Bank.
-
Blog
Mountain Commerce Bank adds risk chief to CCO’s title
Mountain Commerce Bank announced Amy Cantrell, who joined as senior vice president and chief compliance officer, will also serve as chief risk officer.