PERSPECTIVES ÉCLAIRANTES
Nous explorons les tendances émergentes, les défis sectoriels et les solutions innovantes. Notre analyse experte fournit des renseignements exploitables pour vous aider à naviguer dans le paysage commercial actuel et prendre des décisions éclairées.
COMPLIANCE
17 May 2024
Citigroup Global Markets Ltd Fined £27.8 Million for Market Abuse Failures
In 2024, Citigroup Global Markets Ltd faced a substantial fine of £27.8 million by the FCA for breaches related to market abuse regulations. The firm was penalized for failing to adequately manage the risks associated with its trading activities, which led to instances of market manipulation and insider trading. This fine underscores the critical importance of rigorous compliance and the severe consequences of failing to uphold market integrity.
Author :
Financial Conduct Authority (FCA)
COMPLIANCE
19 Jun 2024
Nasdaq’s Sweden Bourse Fined by Watchdog for Insider Trade Flaws
Nasdaq Inc’s stock exchange in Sweden has been fined 100 million Swedish kronor ($9.6 million) by the country’s financial watchdog over deficiencies in how the bourse keeps track of insider dealing violations.
Author :
Martin Cloake - Grip
ANNUAL REPORT
18 Jan 2024
Impact 2027: six main strategic guidelines for 2023-2027
Around 60 audits will be carried out by the AMF in 2024: individual audits and thematic SPOT audits (for supervision of operational and thematic practices) of a sample of players on a given theme.
Author :
AMF News Release
REPORT
05 Oct 2023
SEC Announces Enforcement Results for Fiscal Year 2023
The SEC highlighted its robust enforcement actions in 2023, which included charges against several firms for AML failures, inadequate compliance with insider trading regulations, and issues related to false trading. The SEC’s enforcement efforts signal a continued emphasis on maintaining integrity within financial markets, with significant penalties imposed.
Author :
U.S. Securities and Exchange Commission
COMPLIANCE
11 Jul 2024
Merrill Lynch Fined $6 Million by FINRA
Merrill Lynch was fined $6 million by FINRA for longstanding failures in its AML program. The firm failed to file nearly 1,500 Suspicious Activity Reports (SARs) over a decade due to applying the incorrect monetary threshold for reporting suspicious activities. This penalty underscores the critical role of accurate and timely reporting in preventing financial crimes.
Author :
FINRA
COMPLIANCE
29 Sep 2024
JP Morgan Admits Spoofing by 15 Traders, Two Desks in Record Deal
JPMorgan Chase & Co. admitted wrongdoing and agreed to pay more than $920 million to resolve U.S. authorities’ claims of market manipulation involving two of the bank’s trading desks, the largest sanction ever tied to spoofing.
Author :
Martina Lindberg - Grip
COMPLIANCE
10 Nov 2023
MAS imposes over $20M in penalties for AML and Market Abuse violations
The Monetary Authority of Singapore (MAS) recently imposed more than $20 million in penalties for AML and market abuse violations. The enforcement actions targeted several financial institutions for insufficient AML/CFT measures, marking a significant increase in regulatory focus within Singapore’s financial sector. This comes alongside MAS's broader efforts to tighten regulations, particularly in the digital asset ecosystem & the wealth management sector.
Author :
ComplyAdvantage
COMPLIANCE
23 May 2024
HSBC UK Bank plc Fined £6.28 Million by FCA
HSBC UK Bank, along with its subsidiaries, was fined £6.28 million by the FCA for breaches related to the unfair treatment of customers in retail banking, consumer credit, and mortgage sectors. The fine was imposed due to failures in adhering to regulatory principles, demonstrating the ongoing regulatory scrutiny in ensuring fair customer treatment and robust compliance practices.
Author :
Financial Conduct Authority
COMPLIANCE
26 Apr 2024
Commerzbank Fined €1.45 Million by BaFin
Germany's financial regulator, BaFin, fined Commerzbank €1.45 million for significant lapses in its anti-money laundering controls. The bank was penalized for failing to update customer data and implement adequate security measures in a timely manner, leading to multiple breaches of AML obligations. This case underscores the necessity for financial institutions to maintain robust and up-to-date compliance systems to prevent financial crimes.
Author :
Skillcast
COMPLIANCE
16 Oct 2023
Binance Faces $4.3 Billion AML Fine
In 2023, Binance, a leading global cryptocurrency exchange, was fined $4.3 billion due to significant failures in its Anti-Money Laundering (AML) practices. The violations included operating as an unregistered money transmitter and having inadequate Know Your Customer (KYC) protocols, which allowed anonymous accounts to facilitate illegal transactions. This case underscores the growing scrutiny of the cryptocurrency sector by global regulators.
Author :
Gatenox