Topic: Financial crime

ASIC cracks whip on SocGen securities unit after client money failures

Australia’s financial regulator has imposed new conditions on the licence of Société Générale’s local securities unit to ensure the it complies with client money regulations, a year after restarting its operations in the country.

15 June 2020

Chinese regulator overhauls financial crime rules

China’s banking regulator has announced new guidelines for financial institutions to deal with financial crime, in a move that could see banks held accountable for lax reporting and employee misconduct.

05 June 2020

Singapore regulator slaps disgraced bankers with hefty bans

Singapore’s banking regulator has barred two convicted bankers from participating in financial advisory services for a combined 35 years.

13 May 2020

FCA investigating cum-ex trades

The UK Financial Conduct Authority is investigating 14 financial institutions in connection with an alleged tax fraud that is estimated to have cost European countries over €50 billion.

01 May 2020

Banks severed from inaugural cum-ex trial could still face penalties

Practitioners say German authorities have several avenues to sanction banks that were spared penalties in the country’s inaugural cum-ex trial.

03 April 2020

Convicted ex-Barclays trader must pay nearly £1 million

A UK judge has ordered a former Barclays trader to pay £907,000 following his conviction for manipulating the Euribor benchmark.

06 March 2020

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