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.
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.