UK and Jersey regulators defend AML procedures following multi-million dollar...
UK and Jersey regulators have defended their commitment to anti-money laundering following U.S. moves to freeze more than $400 million of corruption proceeds from former Nigerian dictator Sani Abacha...
View ArticleU.S. regulator eyeing Puerto Rico bond trades over minimum-sales questions
Securities-sector regulator FINRA said on Friday it was examining secondary trades in Puerto Rico's blockbuster $3.5 billion bond deal for possible violations of rules requiring minimum sales of...
View ArticleU.S. Fed corrects stress test results, says most changes minor
The U.S. Federal Reserve on Friday revised several banks' capital levels under stress a day after results of its closely watched industry health check were published. The revisions did not cause any...
View ArticleSEC eyes fraudsters who use bitcoin to lure in retail investors
The Securities and Exchange Commission is looking at fraudsters who are using bitcoin as a bait to lure in gullible investors. SEC Chairman Mary Jo White told a consumer conference last week that the...
View ArticleMexico's Oceanografia CEO held for questioning in Citigroup fraud case
The chief executive of a major Mexican oilfield services company was held for questioning on Saturday in connection with a fraud investigation that forced Citigroup to cut its 2013 profit, the federal...
View ArticleU.S. CFTC ratchets up probe of exchange-for-futures deals - report
The U.S. Commodity Futures Trading Commission has stepped up a probe into more than a million energy, metals, foreign exchange and other swap transactions, the Financial Times reported on its website...
View Article"Big Short" character sues SEC to stop administrative-proceeding enforcement...
The U.S. Securities and Exchange Commission has been sued by a money manager made famous in Michael Lewis' book "The Big Short," who claims the regulator is violating his constitutional rights in how...
View ArticlePolice need powers to tackle virtual money laundering-Europol
The head of the European Union's policing agency warned on Monday that virtual currencies such as Bitcoin were being used for money laundering and called for police to be given more powers to identify...
View ArticleCiti shakes up FX, creates position of global head of spot trading
Citi, the world's second-largest foreign exchange trader, is restructuring its FX trading desk, appointing a global head of trading and bringing its electronic and voice trading businesses closer...
View ArticlePreparations continue as normal for FATF Moscow meeting, despite doubts over...
Preparations continue as normal for the Financial Action Task Force's (FATF) plenary meeting in Moscow despite some suggestions it could be in doubt because of the continuing instability in Ukraine. A...
View ArticleASIC Annual Forum: Regulators call for new IOSCO information-sharing model
Regulators have thrown their support behind an International Organisation of Securities Commissions (IOSCO) proposal that would expand the level of enforcement-related cooperation and information...
View ArticleASIC Annual Forum: Exchange pressures government to outlaw overseas clearing...
The Australian Securities Exchange will use its lobbying power to urge the government to rule out overseas competition for the clearing of AUD-denominated derivatives, said Elmer Funke Kupper, chief...
View ArticleU.S. regulators propose rules for appraisal management companies
U.S. financial regulators on Monday proposed new requirements for state-registered companies that help lenders work with independent appraisers, a requirement of the 2010 financial regulatory overhaul....
View ArticleRegulator fines LPL Financial $950,000 over sale of alternatives
LPL Financial LPLA.O, the fourth-largest U.S. broker-dealer by number of salespersons, was fined $950,000 by the securities industry's self-regulatory group for failing to supervise the way brokers...
View ArticleBank of Canada says moving to ensure no benchmark manipulation
Canada's financial benchmarks have not been manipulated the way the London Interbank Offered Rate (Libor) has, and the country is tightening its rules to try to make sure they never are, Bank of Canada...
View ArticleMorgan Stanley pays fine over index hedge on soymeal, as CFTC gets tough on...
Morgan Stanley has agreed to pay $200,000 to settle civil charges it exceeded speculative position limits in soybean meal futures for two days while attempting to hedge a commodity index investment,...
View ArticleTeraExchange announces first Bitcoin derivative
TeraExchange said on Monday it had constructed a swap based on the bitcoin virtual currency, a step that would bring the emerging payment system under the oversight of U.S. regulators for the first...
View ArticleFormer Madoff associates found guilty of fraud
Five former aides to investment manager Bernard Madoff were convicted on Monday of charges that they helped their boss conceal his multibillion-dollar Ponzi scheme for years. A federal jury in New York...
View ArticleSEC probes banks and companies in loan securities dealings
The U.S. Securities and Exchange Commission has launched an investigation into the increasing number of complex bond deals on Wall Street that may create new opportunities for fraud, the Wall Street...
View ArticleThomson Reuters tightens currency trading rules
Thomson Reuters Corp is proposing changes to its foreign exchange trading rules and implementing controls it hopes will minimise the scope for market manipulation and abuse, the company said on...
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