The peer-to-peer lending firms of South Korea have decided to set up their own self-regulatory body because legislation to create the governmental regulation they crave has stalled in Parliament.
BaFin, Germany's all-in-one financial regulator, has ordered Deutsche Bank to take appropriate internal safeguards and comply with general anti-money-laundering 'due diligence' obligations and has appointed a monitor to assess the bank's efforts.
Guernsey's last MONEYVAL evaluation report, issued in September 2015 by that FATF-style regional body, found that Guernsey's civil forfeiture regime, by which banks must hand over funds that are probably tainted, was not being used as well or as often as they could be. Things have since improved.
The Monetary Authority of Singapore has finalised the features of a new corporate structure that will cater to the needs of investment funds, the Variable Capital Company or VCC, having consulted interested parties about the initiative in March 2017.
The Monetary Authority of Singapore has finalised the features of a new corporate structure that will cater to the needs of investment funds, the Variable Capital Company or VCC, having consulted interested part...
Guernsey's last MONEYVAL evaluation report, issued in September 2015 by that FATF-style regional body, found that Guernsey's civil forfeiture regime, by which banks must hand over funds that are probably tainted...
Thomas Borgen, the CEO of Danske Bank, has informed the board of directors that he wishes to resign from his position. His decision, in the bank's words, "has been announced in connection with Danske Bank’s pres...
Compliance-related mergers and acquisitions, often reported on in our web-pages, are on the rise. Institutional investors are interested in compliance consultancies because the barriers to entry at the top end o...
Many a CF11 money-laundering reporting officer has watched the police carry his bank's computers away in the knowledge that this will bring its business - or part of it - to a grinding halt. What can a firm do t...
The peer-to-peer lending firms of South Korea have decided to set up their own self-regulatory body because legislation to create the governmental regulation they crave has stalled in Parliament....
BaFin, Germany's all-in-one financial regulator, has ordered Deutsche Bank to take appropriate internal safeguards and comply with general anti-money-laundering 'due diligence' obligations and has appointed a mo...
The Governor of New Jersey is ordering the New Jersey Bureau of Securities to impose a fiduciary duty on all New Jersey 'investment professionals,' requiring them to place their clients’ interests above their ow...
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After scouring the globe for the right candidate, the board of directors of the Dubai Financial Services Authority has appointed one of its own regulators - Bryan Stirewalt - as its next chief executive. He will...
Having lodged a complaint in a Maryland federal court, the US Securities and Exchange Commission is prosecuting the alleged perpetrators of a 'Ponzi-like' investment racket. ...