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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.
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.
19 December 2019: The US Securities and Exchange Commission has charged an IT administrator and four friends with insider trading after they were found to have consistently traded on confidential earnings information…
18 December 2019: The CEO of JP Morgan Chase, Jamie Dimon, has said he is “disgusted by racism and hate in any form”, after a New York Times article exposed racism within the firm – towards both employees and customers.