Tag:
Compliance
Latest Headlines
Latest Headlines
Surprise: Iowa AG heaps praise on Bank of America
The drumbeat of news regarding Bank of America's compliance (or lack thereof) with the national mortgage settlement has been unrelentingly negative.
SAC enhances compliance program
For those of you who think that SAC Capital amounts to a den of insider trading, the irony of the news from the embattled hedge fund firm was almost too much to bear. The company has informed customers that it is beefing up its compliance program.
Citigroup again hit for AML violations
Citigroup has become an all too familiar target of regulators when it comes to money laundering lapses.
Hedge funds face suspicious activity reporting requirement
Banks and brokerages have grown accustomed to laws requiring them to report suspicious financial activity, an area in which they have been forced over the years to invest heavily.
Wells Fargo hit with scathing criticism
The Atlantic offers a scathing indictment of the banking industry, arguing that sophisticated investors now regard banks as little more than black boxes.
Wall Street employees circumvent social media bans
When Goldman Sachs invested in Facebook, the irony was obvious: The bank was investing in a firm whose product was not allowed in the company offices.
Bank of America quick to comply with mortgage settlement
When the top five mortgage originators and servicers agreed to the landmark $25 billion settlement in February, they were required to report on the progress toward fulfilling the terms of the deal at regular intervals. All have filed their first annual reports, with Bank of America winning praise for its aggressive compliance steps.
Citigroup fires analyst, agrees to fine over improper disclosures
The Facebook compliance fallout may be starting to hit.
Banks on track to meet mortgage compliance deadline
Banks faced a critical deadline earlier this week to implement a slew of new regulatory mandates, and the top banks say compliance will not be a problem.
Wells Fargo broker busted, compliance systems work
This is how compliance and anti-fraud controls ought to work.
