The United States Department of Justice (DoJ) has urged French bank BNP Paribas to accept an agreement to pay a fine of US$10 billion to settle an investigation into alleged sanctions violations.
The United States Securities and Exchange Commission (SEC) has announced that jewellery trader DGSE Companies (DGSE) and its former chief financial officer (CFO) John Benson have agreed to settle the SEC's complaint (27 May 2014).
The United Kingdom Financial Conduct Authority (FCA) has fined (23 May 2014) Barclays Bank more than £26 million for failings in its systems and controls and its management of potential conflicts of interests between itself and its customers during 2004 - 2013.
The Hong Kong Securities and Futures Commission (SFC) has made available a statement of disciplinary action (undated) against Deutsche Bank Aktiengesellschaft (Deutsche), fining it HK$1.6 million (approximately US$206,000/€151,000) for regulatory breaches and internal control failings in its trading activity and positions in the Stock Exchange of Hong Kong (SEHK).
Bank group Credit Suisse has announced that it has "entered a guilty plea to one count of conspiracy to assist [United States (US)] customers in presenting false income tax returns to [US tax authority the Internal Revenue Service (IRS)] ... in connection with [Credit Suisse's] former Swiss-based cross border private banking business".
Australian Securities Exchange-listed international contracting company Leighton Holdings has announced that it has entered into a conditional agreement to pay A$65.55 million as part of a class action settlement.
The Australian Securities and Investments Commission (ASIC) has announced that it has banned Jeremy Nambiar from providing financial services for eight years. ASIC found that Mr Nambiar, as a Westpac Bank (Westpac) employee, "entered more than 100 fictitious trading entries ... that created the false appearance of profit", resulting in "approximately [A]$17.6 million [being] written off the income statement of Westpac's financial statements".
The United States (US) Department of Justice (DoJ) has announced that former Subway restaurant franchise owner Shahin Abdollahi has pleaded guilty "for his role in a conspiracy to hack into the computerized cash registers of a number of Subway restaurants to fraudulently obtain more than [US]$40,000 in gift cards".
The United States (US) Department of Justice (DoJ), the US Attorney's Office for the Southern District of New York (USAO SDNY) and the Internal Revenue Service (IRS) have jointly announced that Switzerland-based asset management group Swisspartners has agreed to pay US$4.4 million and enter into a non-prosecution agreement with the USAO SDNY to resolve criminal charges of "assisting US taxpayer-clients in opening and maintaining undeclared foreign bank accounts".
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