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.
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.
A derivative exchange specializing in the trading of products based on virtual currencies settled CFTC and FinCEN charges for operating as an unregistered futures commission merchant and for Bank Secrecy Act violations.
Commentary by Steven Lofchie
FINRA fined a financial institution for anti-money laundering and supervision violations.
In an annual Regulatory and Examination Priorities Letter, FINRA identified major areas of focus for 2018.