The United States (US) Department of the Treasury office of foreign assets control (OFAC) has made available enforcement information (25 April 2013) which states that Toyota Motor Credit Corporation (Toyota) has agreed to pay US$23,400 to settle 26 alleged breaches of the Foreign Narcotics Kingpin Sanctions Regulations.
The United States (US) Federal Trade Commission (FTC) has made available a final order(24 April 2013) settling a misrepresentation case against DR Phone Communications (DR). The FTC had alleged that DR misrepresented the calling minutes on its prepaid phone cards in promotional materials and "fail[ed] to ... adequately [disclose] fees that would reduce the cards' value, and in turn the number of calling minutes they provide".
Securities firm Morgan Stanley and ratings agencies Standard & Poor's Rating Services and Moody's Investors Service have agreed to pay a total of US$225 million to settle allegations that they misrepresented the risks in the so-called Cheyne and Rhinebridge cases involving mortgages during the global financial crisis.
The Australian Securities and Investments Commission (ASIC) has announced that former self-managed superannuation fund (SMSF) adviser Craig Dangar has been sentenced on the charge of lodging a false statement with ASIC. Specifically, ASIC stated that Mr Dangar lodged a document with ASIC in July 2012 in which he falsely claimed to being a director of SMSF Consulting Pty Ltd.
The United Kingdom (UK) treasury department HM Treasury has made available a letter (9 April 2013) from the governments of France, Germany, Italy, Spain and the UK (the G5) to European Commissioner for taxation, customs, statistics, audit and anti-fraud Algirdas Šemeta, informing him of a G5 agreement to develop and pilot a multilateral tax information exchange facility.
The United States (US) Financial Industry Regulatory Authority (FINRA) has announced that financial services provider Merrill Lynch, Pierce, Fenner & Smith Inc (Merrill Lynch) has agreed to pay over US$1.27 million for allowing failures to occur in its supervisory system and in its dealings with some customer transactions.
The United States (US) Commodity Futures Trading Commission (CFTC) has announced that it has obtained a Federal Court Order (11 April 2013) against Robert Cannone and his company National Equity Holdings Inc (National Equity), in relation to charges of fraudulent solicitation, misappropriation, and registration violations.
The Australian Securities and Investments Commission (ASIC) has made available a transcript of ASIC chairperson Greg Medcraft's speech Improving the global consistency of financial regulation (11 April 2013), delivered at the EuroFi High Level Seminar in Dublin, Ireland. In the speech, Mr Medcraft discusses the importance of consistency in global regulation, particularly with reference to financial services and markets regulation.
The United States (US) Commodity Futures Trading Commission (CFTC) has announced that it has fined online broker Interactive Brokers Group Inc US$225,000 for "fail[ing] to compute on a currency-by-currency basis the amount of customer funds on deposit and required to be on deposit in segregated accounts" on a daily basis between 2008 and 2011.
HM Treasury has announced the members of the Financial Conduct Authority (FCA) board, following the replacement of the former Financial Services Authority (FSA) by the new FCA and the Prudential Regulation Authority (PRA), pursuant to the Financial Services Act 2012 (the Act).
- Anti-Bribery & Anti-Corruption (102)
- Anti-Money Laundering (65)
- Business Ethics and Corporate Culture (116)
- Careful Communication and Proper Use of Computers (13)
- Code of Conduct (5)
- Competition (120)
- Confidentiality and Intellectual Property (18)
- Conflicts of Interest (12)
- Consumer Protection (210)
- Corporate Responsibility and Sustainability (170)
- Employment and Workplace Issues (268)
- Environment, Health & Safety (81)
- Financial Integrity (123)
- Government Contracting (13)
- Information Security (29)
- Insider Trading (68)
- Other (2)
- Privacy and Data Protection (148)
- Records Management (7)
- Respect in the Workplace (6)