The fine comes as the Swiss bank seeks to improve its safeguards against money laundering and corruption.
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Banking & Finance
Arrest Warrants Issued for Founders of Panama Papers Firm
German authorities are seeking the former heads of the company at the centre of 2016’s far-reaching financial…
Citigroup Fined $400 Million for Risk Management Deficiencies
In addition to the fine, US banking regulators will require an overhaul of internal controls at Citibank.
The multinational investment bank admitted to wrongdoing regarding market manipulation by its traders.
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US Pension Funds Sue Allianz Over $4 Billion Losses
The pension funds allege that Allianz mismanaged their investments during the COVID-19 market shock.
SDNY Judge Attacks Prosecutors’ Conduct in Iran Sanctions Case
Federal prosecutors were accused of deliberately withholding vital evidence, causing a guilty verdict to be…
The multibillion-dollar 1MDB has now become the largest ever assert recovery action undertaken by the DOJ.
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Don’t Always Trust the Guidance
It is reassuring to find technical guidance that appears to confirm we can do something without incurring any…
CDC Issues Sweeping Halt on Evictions to Combat COVID-19
The eviction moratorium will last until the year’s end and cover 43 million residential renters in the US.