All Finance articles – Page 16
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PremiumChapter 1: Compliance v. complicity: The ‘underbelly’ of bank culture
Why were decisions made the way they were at the banks that serviced Jeffrey Epstein? Evidence points to a cultural tension: a tug-of-war between the allure of profit and the drag of compliance, with the former having all the pulling power.
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PremiumCase study: ‘The Banks Behind the Epstein Enterprise’
This Compliance Week case study offers a deep dive into the anti-money laundering compliance failures—and alleged complicity—of JPMorgan Chase and Deutsche Bank, the two banks that enabled the Jeffrey Epstein enterprise to flourish for decades.
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Blog
Fundbox names chief risk and product officer
Embedded working capital platform Fundbox announced Ram Muthaiyan as chief risk and product officer.
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CVC announces chief legal and compliance officer
Global alternative investment manager CVC welcomed Brechje van der Velden as chief legal and compliance officer and partner.
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PPRO announces chief legal, risk, and compliance officer
Local payments platform PPRO announced the appointment of Selene Brett as chief legal, risk, and compliance officer.
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News BriefArgus to pay $37M in DOJ case over misused regulator data
Economic data and research firm Argus Information and Advisory Services agreed to pay $37 million to settle charges from the Department of Justice alleging misuse of data obtained through federal regulatory contracts.
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News BriefFCA fines financial adviser $1.1M over British Steel advice, oversight lapses
The U.K. Financial Conduct Authority fined Inspirational Financial Management nearly £900,000 (U.S. $1.1 million) regarding alleged failures in advice and oversight provided to customers who were primarily members of the British Steel Pension Scheme.
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Realworld Asset Group names general counsel
Real estate investment company Realworld Asset Group appointed Derrick Grüner as chief capital markets officer and general counsel.
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Equitable Holdings announces chief risk officer
Financial services holding company Equitable Holdings announced Julia Zhang as chief risk officer.
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News Brief
SEC expands scope of order execution disclosure rule
Lost in the shuffle of the approval of its controversial climate-related disclosure rule, the Securities and Exchange Commission also adopted amendments to its rule for order executions in national market system stocks.
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News BriefAmeriprise expecting $50M SEC fine over off-channel comms
Ameriprise Financial disclosed it recorded a $50 million accrual related to the resolution of a Securities and Exchange Commission probe into use of off-channel communications by its employees for conducting business.
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News BriefFCA warns CEOs over firm AML failings
The U.K. Financial Conduct Authority warned the chief executive officers of approximately 1,000 financial institutions it supervises regarding common failures in anti-money laundering procedures it observed during recent assessments.
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News BriefHG Vora fined $950K for beneficial ownership disclosure failures
New York-based investment adviser HG Vora Capital Management agreed to pay $950,000 to settle charges levied by the Securities and Exchange Commission alleging failure to report beneficial ownership regarding its stake at trucking transport company Ryder System.
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News BriefGreen Dot estimates up to $50M in liabilities over proposed Fed order
Financial technology firm Green Dot Corp. estimated a pending consent order with the Federal Reserve Board will require a payment of between $20 million to $50 million.
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Angel One names group general counsel
India-based retail full-service broking house Angel One welcomed Meenal Maheshwari Shah as group general counsel.
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SAFCO welcomes compliance VP, general counsel
Southern Auto Finance Company announced the appointment of Marissa Kaliman as vice president of compliance and general counsel.
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Van Lanschot Kempen names chief risk officer
Specialist wealth manager Van Lanschot Kempen named Damla Hendriks to the position of chief risk officer as a member of the management board.
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Revelstoke Capital Partners names CCO as partner
Private equity firm Revelstoke Capital Partners announced Blake Bennett will serve as partner, chief financial officer and chief compliance officer.
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Nubank adds chief legal officer
Brazil-based financial services platform Nubank announced the arrival of Elita Ariaz as its new chief legal officer.
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PremiumFCA calls attention to continued trade manipulation tactics
Financial firms continue to flout rules designed to protect investors from being misled about the true value of financial products, according to a recent bulletin from the U.K.’s Financial Conduct Authority.