All Finance articles – Page 69
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ArticleTroika Laundromat reveals the gaps in AML compliance
A recent report from several investigative journalists details the AML scandal behind Troika Dialog, once Russia’s largest private investment bank, and is just one small look into the much bigger problem of corruption across the globe.
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ArticleBanks, central banks warned of crypto-currency risks and pitfalls
Despite failures, plummeting prices, and a plethora of risks, financial institutions and central banks are cautiously looking at ways to use virtual currencies. International regulators are warning them that doing so haphazardly could be disastrous.
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ArticleRegulators’ top risk cop assailed by reform-bent critics
The Financial Stability Oversight Council was created to expose and mitigate systemic risks to the U.S. financial system. Its critics are winning the long-simmering battle to redefine its efforts.
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Article
Critics scrutinize plans for revised Volcker Rule
Proposed rulemaking to ease the compliance burden of the Dodd-Frank Act’s controversial Volcker Rule might not be enough to appease everyone.
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Article
BB&T Securities to pay $5.7M for misleading clients
BB&T Securities has reached a $5.7 million settlement with the Securities and Exchange Commission to settle charges that a firm it acquired misled its advisory clients.
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Article
Swedbank faces scrutiny over money laundering allegations
Legal pressure against Stockholm-based Swedbank, one of several banks at the center of a massive money laundering scandal, continues to escalate.
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Article
FSOC seeks changes to nonbank designation guidance
The FSOC has released proposed interpretive guidance regarding nonbank financial firm SIFI designations. It would implement an “activities-based approach” to identifying potential risks to financial stability and provide an “off-ramp” to designated firms.
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ArticleFTC proposes consumer data rule changes for financial institutions
The Federal Trade Commission is seeking public comment on proposed amendments to rules under the Gramm-Leach-Bliley Act that protect the privacy and security of customer information held by financial institutions.
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Article
Dems pitch new bill to impose stock transaction tax
Congressional Democrats have introduced legislation to create a new tax on stock transactions that they say “would generate billions in revenue” while addressing economic inequality and volatility in the market.
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Article
New Fenergo solution to streamline AML screening
Client lifecycle management solutions provider Fenergo launched Fenergo Hierarchy Manager. The hierarchical modeling and visualization tool is designed to streamline anti-money laundering (AML) screening.
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Article
Deloitte: financial institutions reengineer risk management
Financial institutions are beginning new efforts to reengineer their risk management programs and tap into emerging technologies, according to a survey conducted by Deloitte Global.
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ArticleQ&A: A view of bank risk from the battlefield
Compliance Week talked with Stuart Brock, director of Seal Software, about the risks faced by banks—not the least of which is third-party due diligence.
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Blog
Waters builds new agenda for Financial Services Committee
With new leadership, Rep. Maxine Waters (D-Calif.), the House Financial Services Committee is setting its agenda for the new session of Congress.
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Article
New Fed risk report finds corporate debt concerns, Brexit fallout
On Nov. 28, the Federal Reserve’s Board of Governors released its first-ever Financial Stability Report. Among the risks: increasing levels of corporate leverage and international instability.
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ArticleAs technology evolves, so do accounting and finance leaders
A new study from Robert Half and the Financial Executives Research Foundation reveals how evolving technology is rapidly enhancing the accounting and finance functions.
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ArticleCarrie Di Santo: The trusted adviser
Carrie Di Santo has built a compliance career by offering practical solutions that don’t just tell people “no,” but demonstrate how to do business safely and with integrity.
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ArticleRichard Wallace: Failure is not an option
Thanks to the work of CFO Richard Wallace and an enterprise-wide effort to build a world-league compliance program, the Options Clearing Corp. doesn’t strive to just meet current regulatory requirements, it lives by a set of internal expectations that exceeds the mandatory.