Deutsche Bank AG agreed to pay a $425 million fine and hire an independent compliance monitor to settle New York Department of Financial Services charges alleging that traders in a Moscow affiliate of the bank conducted a money laundering "mirror-trading" scheme.
A broker-dealer settled FINRA charges for failing to (i) implement reasonably designed AML policies, (ii) identify and respond to potentially manipulative trading and (iii) establish sufficient market access controls and procedures.
Commentary by Steven Lofchie
A broker-dealer settled FINRA charges for alleged deficiencies in its anti-money laundering compliance program related to penny stock transactions.
A California-based broker-dealer settled FINRA charges for failing to maintain adequate supervisory protocols regarding outside business activities and private securities transactions and for failing to comply with a FinCEN mandated audit.
The CFTC approved a final rule to amend the definitions of "portfolio reconciliation" and "material terms" in order to facilitate the portfolio reconciliation of swaps.