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13 February 2020: The Federal Reserve has announced that it has issued former Goldman Sachs Group banker, Andrea Vella, with a permanent ban from the industry for his involvement in the 1MDB…
11 February 2020: Metro Bank is implementing a review of its compliance controls after it was found to be handling from Cuba and Iran in contravention of both EU and US sanctions.
3 February 2020: European plane maker, Airbus, has pleaded guilty to illegally bribing government officials and decision makers on airplane sales – generating more than $1bn in illicit profits.
28 January 2020: The UK Financial Conduct Authority (FCA) has issued a Dear CEO letter to the Chief Executives of firms that offer alternative investments, in a bid to encourage them to consider whether their firm is posing risks to their customers or the markets in which they operate.
27 January 2020: The Swiss Financial Market Supervisory Authority (FINMA) has issued proceedings against the former CEO of a Swiss bank after it found he had engaged in insider trading.
24 January 2020: The Former CEO of Wells Fargo, John Stumpf, has been issued with a lifetime ban from the banking industry by the US Office of the Comptroller of the Currency.
23 January 2020: On 6 January 2020, the UK Financial Conduct Authority issued a letter to CEOs of wholesale general insurance firms setting out its expectations with regard to the tackling of non-financial misconduct.
21 January 2020: The US’s Commodity and Futures Trading Commission has ordered a South Korean company to pay $700,000 in an order simultaneously filing and settling charges of spoofing.
17 January 2020: The US Commodity Futures Trading Commission’s Division of Enforcement has published its Annual Report for 2019, which shines a light on the division’s success in prosecuting misconduct in the market.
16 January 2020: A loophole that allows corporate executives to trade on information before it’s disclosed to the public and company shareholders is to be closed by a new 8-K Trading Gap Act.
14 January 2020: JP Morgan Chase & Co has placed one of its most senior credit traders on leave following concerns over his use of WhatsApp.
13 January 2020: Federal prosecutors in California and North Carolina have announced that a number of former Wells Fargo executives are under criminal investigation following the scandal concerning fake accounts.
10 January 2020: The revised fifth Anti-Money Laundering Directive came into effect on 10th January.
9 January 2020: Former Goldman Sachs banker, Bryan Cohen, has pleaded guilty to insider trading as part of a wider plot that allegedly generated tens of millions of dollars in illicit profits.
8 January 2020: The Securities and Exchange Commission’s Office of Compliance Inspections and Examinations has published its examination priorities for 2020.
3 January 2020: KPMG published the fifth edition of its annual Financial Services Ten Key Regulatory Challenges. The report lists issue that will likely affect business imperatives ranging from technology transformation to…