All Finance articles – Page 7
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News BriefMetLife subsidiary fined $178K by OFAC for issuing premiums to Iran-controlled entities
A subsidiary of MetLife will pay more than $178,000 for violating U.S. sanctions on Iran when it provided insurance policies to entities in the United Arab Emirates owned or controlled by Iran.
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News BriefFinCEN alerts financial institutions to be wary of AI-enabled deepfakes
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network issued an alert to financial institutions about their obligations to report deepfakes, warning artificial intelligence has given bad actors additional tools in their arsenal.
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I Squared Capital appoints GC
Investment manager I Squared Capital announced the appointment of Patricia Menéndez Cambó as its new general counsel.
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Truist names chief risk officer
Truist Financial Corporation announced that Brad Bender will be its new chief risk officer.
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News BriefCFTC cites ‘unreasonably delayed reporting’ for unevenly split $4M whistleblower award
“Unreasonably delayed reporting” cost one of two claimants whom will unevenly split a $4 million whistleblower award from the Commodity Futures Trading Commission for providing information that led to a successful enforcement action.
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Cohen & Steers names General Mills GC to board
Global investment manager Cohen & Steers Board of Directors has appointed Karen Wilson Thissen, general counsel and secretary of General Mills, as a director of the company.
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News BriefFCA slaps Metro Bank with $21M fine for inadequate AML monitoring
The U.K. Financial Conduct Authority has fined Metro Bank 16.6 million pounds (U.S. $21 million) for an alleged failure by its automated system to adequately monitor money laundering risks.
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News BriefSEC orders Invesco to pay $17.5M over misleading investors about ESG assets
Invesco Advisors agreed to pay $17.5 million to the Securities and Exchange Commission to settle allegations that the company misled investors about the extent of its assets that included environmental, social, and governance factors.
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News BriefNavy Federal Credit Union to pay $95M in fines, redress over ‘surprise’ overdraft fees
Navy Federal Credit Union will pay a $15 million fine and return $80 million in “surprise” overdraft fees to its members to resolve an enforcement action from the Consumer Financial Protection Bureau.
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Discover adds interim legal chief, GC
Discover Financial Services added Kelly Welsh as the incoming interim chief legal officer, general counsel and head of corporate and public affairs.
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1inch appoints new compliance chief
Crypto trading firm 1inch announced the appointment of Hedi Navazan as the group’s new chief compliance officer.
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News BriefFINRA fines Morgan Stanley $1M for alleged documentation failures
The Financial Industry Regulatory Authority fined broker-dealer Morgan Stanley $1 million over alleged documentation failures related to risk management controls and supervisory procedures involving violations of the Market Access Rule.
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Church Pension Group names legal chief
The Church Pension Group announced the appointment of Julian Chung as executive vice president, chief legal officer and corporate secretary.
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Bitfarms appoints US general counsel
Bitfarms, vertically integrated Bitcoin data center operations firm, announced that it has appointed Rachel Silverstein as US general counsel.
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PremiumUnderfunding of BSA/AML compliance made TD Bank an unwitting partner to cross-border crime
Law enforcement officials stumbled on TD Bank’s role in money laundering while investigating a Mexican drug cartel. They found that the bank’s corporate culture considered compliance, particularly BSA/AML compliance, a low priority. As they dug deeper, authorities discovered that multiple money laundering schemes had infiltrated the bank’s network.
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WebcastCPE Webcast: Compliant First AI: Risk Management Best Practices for Financial Institutions in 2025
Attend this Compliance Week webinar to synthesize the current ”state-of-play” for current and proposed rules for the ethical and responsible use of AI in financial services settings.
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News BriefMeta discloses potential CFPB lawsuit following probe into advertising, disclosure practices
Meta disclosed in a public filing that an investigation by the Consumer Financial Protection Bureau related to financial product advertising on platforms Instagram and WhatsApp may lead to a lawsuit.
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Philips & Cohen announces global GC
Phillips & Cohen Associates, deceased account care management and technology solutions provider, announced the appointment of Chris Lagow as its new global general counsel.
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PremiumAI & Compliance Summit: Regs discuss artificial intelligence guardrails for financial services
Artificial intelligence is an exciting, new technology and it is well-regulated by old laws and rules already on the books, financial regulators said at Compliance Week’s AI & Compliance Summit at Boston University.
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BayCom Corp names Lotus Hotels’ GC as director
BayCom Corp, the holding company for United Business Bank, announced that Lotus Hotels and Investments’ General Counsel and Chief Operating Officer Bhupen Amin was appointed as director of the company, effective Nov. 1.