All Finance articles – Page 65
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EY launches public finance management blockchain solution
EY announced the launch of EY OpsChain Public Finance Manager, a blockchain-enabled solution designed to help governments improve their processes for financial management of public funds.
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Fed rule tailors bank regulations to link requirements to risk
The Federal Reserve Board of Governors approved final rules that tailor its regulations for domestic and foreign banks to more closely link regulatory requirements to the institutions’ risk profiles.
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ArticleLibra springs a leak: Visa, Mastercard, others bail
Visa, Mastercard, and a handful of other companies have followed in the footsteps of PayPal, abandoning the Facebook-led Libra Association amid harsh regulatory criticism surrounding the planned cryptocurrency offering.
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ArticleSEC Bitwise Bitcoin ETF rejection may signal end to cryptocurrency trades
In a 112-page order, the SEC argued against allowing shares of the Bitwise Bitcoin exchange traded fund to be listed or traded because of the likelihood of financial crime surrounding the cryptocurrency.
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Zuckerberg to testify before Congress on Libra
Facebook CEO Mark Zuckerberg will testify before the House Financial Services Committee on Oct. 23 regarding his company’s planned venture into the cryptocurrency space.
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ArticleLibra Association soldiers on after PayPal withdraws
PayPal leaving Facebook’s Libra project is just a bump in the road in the drive toward developing a global digital currency payments network, a Libra Association spokesperson says.
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ArticleOCC eases stress-testing requirements for banks
New OCC requirements mean national banks and federal savings associations with assets under $250 billion will no longer have to self-administer stress tests annually.
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ArticleCompliance takeaways from Barclays’ $6.3M FCPA settlement
Barclays joins a growing list of financial institutions to pay a penalty for violations of the books and records and internal accounting controls provisions of the FCPA due to questionable hiring practices.
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AffirmXCU acquires ComplySight
AffirmXCU, a CUSO of Credit Union Resources, announced the acquisition of compliance application ComplySight.
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FICO upgrades fraud detection software
FICO announced its upgraded Falcon X fraud detection software in addition to the launch of its Financial Crimes Studio.
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MVB Financial Corp acquires Chartwell Compliance
MVB Financial Corp., the holding company for MVB Bank., announced the acquisition of Chartwell Compliance as a wholly owned subsidiary of MVB Bank.
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TIAA adds chief risk and compliance officer
Financial services provider TIAA appointed David Nason to the newly created position of chief risk and compliance officer.
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ArticleSEC charges ICOBox for unregistered offering, broker activity
The SEC has filed a lawsuit against cryptocurrency startup ICOBox, a California company in the business of facilitating other companies’ ICOs, and its founder for conducting an illegal securities offering of its digital tokens and for acting as unregistered brokers for other digital asset offerings.
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ArticlePrudential subsidiaries to pay $33M for misleading disclosures
The SEC has charged two subsidiaries of Prudential Financial with failing to disclose conflicts of interest and making misleading disclosures to the boards for 94 funds they advised.
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ArticleTullett to pay $13M for supervisory failures and false statements
Tullett Prebon Americas must pay a total of $13 million for failing to supervise employees and making false or misleading statements to CFTC staff.
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ArticleWhat banking CCOs need to know about new terrorist funding order
Impacted financial institutions, including cryptocurrency exchangers, may want to review know-your-customer policies and anti-money laundering compliance in light of President Trump’s executive order.
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Pangea Money Transfer appoints chief compliance officer
Pangea Money Transfer, a mobile-centric money-transfer platform, announced it has appointed Alex Levine as general counsel and chief compliance officer.
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NICE Actimize expands analytics service
NICE Actimize announced the expansion of ActimizeWatch, its secure cloud-based managed analytics service, to its financial market compliance solutions.
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Gemini adds chief compliance officer
Cryptocurrency exchange Gemini Trust Company announced Noah Perlman has joined as its new chief compliance officer.
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Court: Hyperlinked e-mails don’t count as ‘communication’ for debt collectors
A federal appeals court sided with a consumer in deciding hyperlinked e-mails violate debt notice requirements.