All Finance articles – Page 12
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News BriefCFPB orders TD Bank to pay $28M for sending false info to credit agencies
TD Bank has been ordered to pay $27.7 million and implement compliance measures, for providing inaccurate, negative credit information to credit agencies about tens of thousands of its customers and taking too long to fix the errors, the Consumer Financial Protection Bureau said.
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News BriefFINRA dings JPMorgan Securities $190K over registration, supervision failures
The Financial Industry Regulatory Authority fined JPMorgan Securities $190,000 for unregistered investment banking activities and not having a supervisory system reasonably designed to achieve compliance with FINRA registration requirements.
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WebcastCPE Webcast: The acronyms that changed the finance industry: from AML and BSA to KYC and BaaS
In the ever-evolving landscape of finance, governance, risk, and compliance (GRC) have emerged as critical pillars that underpin the stability and growth of financial institutions.
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Zurich Australia appoints CRO
Zurich Financial Services Australia has appointed David Wainwright as the new chief risk officer for Australia and New Zealand, effective Jan. 6.
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News BriefBarr speech signals Fed to rework capital rules after pressure from industry
Facing intense pressure from the banking industry, the Federal Reserve Board may scale back two controversial rule proposals aimed at reducing risks of bank failures in the event of a market downturn.
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Ally adds legal chief
Ally Financial announced Hope Mehlman will join the company as chief legal and corporate affairs officer, effective Dec. 2.
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PNC names new general counsel
The PNC Financial Services Group announced that Laura Long will be its new general counsel.
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Nium names compliance chief
Cross-border payments’ firm Nium announced that Philip Doyle joined as chief compliance officer.
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News BriefFCA delays compliance date for certain parts of ESG rule package
The U.K. Financial Conduct Authority is pushing back the date for some firms to comply with its naming and marketing rule amid struggles to prepare for it, the FCA said Monday.
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News BriefSEC fines nine investment advisers combined $1.2M in ‘ongoing’ marketing rule sweep
Nine investment advisers will pay a total of $1.24 million to settle allegations that they violated the Securities and Exchange Commission’s marketing rule by disseminating advertisements with untrue or misleading information.
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Cresset appoints compliance chief
Wealth management firm Cresset announced that it has hired Amy Hong as chief compliance officer and executive managing director.
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News BriefSEC penalizes seven firms $3M total for impeding whistleblower protections
Seven public companies will pay a total of $3 million in fines for requiring employees to sign agreements containing provisions that impeded their ability to report misconduct to the Securities and Exchange Commission.
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Two Sigma names former Lazard GC as co-CEO
Financial sciences company Two Sigma announced that Scott Hoffman, former chief administrative officer and general counsel of Lazard, will be a co-chief executive officer, effective Sep. 30.
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Variant Investments hires general counsel
Variant Investments announced that Brian Park has joined the firm as general counsel.
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PremiumExperts warn U.K. money laundering cases to ‘significantly increase’
The U.K. has an ongoing problem with money laundering, but recent changes to economic crime law and corporate registration requirements could bring more cases to court, according to consultancy KPMG.
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News BriefCISA creates new portal for businesses to file cyber incident reports
The U.S. Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency has created a new online portal for organizations to voluntarily report cybersecurity incidents, including ransomware attacks.
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News BriefSEC fines Nationwide Planning, affiliates combined $240K over impeding whistleblowers
Broker-dealer Nationwide Planning Associates and two affiliated investment advisers impeded potential whistleblowers from reporting misconduct to the Securities and Exchange Commission and have agreed to settle the charges for a combined $240,000.
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Clearlake Capital announces CCO
Clearlake Capital Group announced that John Cannon has been appointed managing director, portfolio general counsel & O.P.S. and chief compliance officer.
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BRG Financial Institution Advisory practice names a former CCO as MD
Global expert services and consulting firm Berkeley Research Group announced that Michael Hollerich, who earlier served as chief compliance officer for two publicly traded financial services firms, has joined its financial institution advisory practice as a managing director.
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PremiumStrengthening BSA/AML defenses: Critical role of ERTs in modern day compliance
Enforcement actions in the first half of of 2024 by the Treasury Department’s Financial Crimes Enforcement Network highlight the importance of proactive measures in Bank Secrecy Act compliance rather than just being compliant.