Regulatory Breach

Merrill Lynch to Pay $12 Million for Failing to File Hundreds of Suspicious Activity Reports

Anti-money-laundering rules require broker-dealers to report to regulators on transactions over $5,000, but Merrill’s parent used a $25,000 threshold since…

2 years ago

China's Ant Group Slapped With Nearly $1 Billion Fine

Ant Group, the financial-technology company associated with billionaire Jack Ma, was fined by China’s financial regulators, taking the company closer…

2 years ago

Microsoft to Pay $3 Million Over Russia Sanctions, Export Controls Violations

Risk & Compliance JournalThe majority of the apparent violations involved blacklisted Russian companies or persons in the Crimea region of…

2 years ago

TikTok Fined $15.8 Million by U.K. Regulator for Misuse of Children’s Data

TechSocial-media platform failed to remove underage users, authorities say Source link

2 years ago

Jamie Dimon on Banking Turmoil: 'This Wasn't the Finest Hour for Many Players'

The JPMorgan CEO says regulations need tweaking following the failures of Silicon Valley Bank and Signature. Source link

2 years ago

Justice Department, EPA File Complaint Against Norfolk Southern

Government alleges that the Ohio train derailment discharged hazardous substances that violate the Clean Water Act. Source link

2 years ago

FTX Founder Sam Bankman-Fried Pleads Not Guilty to Latest Federal Charges

MarketsCurrenciesCryptocurrencyLawyer says latest charges go against terms of the extradition agreement with the Bahamas Source link

2 years ago

Binance Sees $2 Billion in Outflows as Troubles Compound

In a tumultuous few days, the crypto giant raised fees, suffered software issues and faced a regulator lawsuit. Source link

2 years ago

Fed Official Calls Silicon Valley Bank Failure a ‘Textbook Case of Mismanagement’

MarketsFinancial RegulationMichael Barr, the Federal Reserve’s vice chairman for supervision, says the bank didn’t manage its risks Source link

2 years ago

Fed Official Calls Silicon Valley Bank Failure a ‘Textbook Case of Mismanagement’

MarketsFinancial RegulationMichael Barr, the Federal Reserve’s vice chairman for supervision, says the bank didn’t manage its risks Source link

2 years ago