FCA

FCA Confirms Permanent Restrictions on the Sale of…

Following consultation feedback, the Financial Conduct Authority (FCA) is confirming new rules restricting the sale, marketing and distribution of CFDs and CFD-like options to retail consumers. The rules address harm to retail consumers by making…

US Securities and Exchange Commission - VALIC

Chairman Clayton Highlights New Members of Executive Staff

Washington D.C., June 26, 2019 — The Securities and Exchange Commission today released a full roster of the executive staff of Chairman Jay Clayton, including several individuals who have recently joined the office. Chairman Clayton's…

FMA Featured

10 Formal AML/CFT Warnings Issued by FMA

The Financial Markets Authority (FMA) has issued formal warnings to 10 reporting entities under Section 80 of the Anti-Money Laundering and Countering Financing of Terrorism Act (AML/CFT Act). The FMA carried out a risk-based assessment…

Thompson Reuters & IBM launched New AI to…

Thompson Reuters, a multinational mass media and information firm has partnered with tech giant IBM and launched a new AI which aims at simplifying regulatory compliance challenges faced by Financial institutions. Major Banks and financial…

FCA

FCA Fines Standard Chartered Bank £102.2 Million for…

The Financial Conduct Authority (FCA) has fined Standard Chartered Bank (Standard Chartered) £102,163,200 for Anti-Money Laundering (AML) breaches in two higher risk areas of its business. This is the second largest financial penalty for AML…

efd

Initiation of consultation on amendment to Capital Adequacy…

Bern, 05.04.2019 - On 5 April 2019, the Federal Department of Finance (FDF) initiated the consultation on an amendment to the Capital Adequacy Ordinance (CAO). The proposal concerns three separate topics: the FDF wishes to simplify the requirements…