SAI Global GRC Community

GRC COMMUNITY
Building Organizational Integrity.
News >> Financial Integrity

FINRA Issues Fines for Incomplete Blue Sheets

05 Jun 2014
Written by World Watch

The Financial Industry Regulatory Authority (FINRA) has announced that it has censured Barclays Capital Inc, Goldman Sachs & Co and Merril Lynch, Pierce, Fenner & Smith, Inc and fined each organisation US$1 million after finding that they each failed to provide accurate and complete trading information to FINRA, the Securities and Exchange Commission and other regulators.

Published in Financial Integrity

ASIC Areas of Focus - 30 June 2014 Reports

05 Jun 2014
Written by World Watch

The Australian Securities and Investments Commission (ASIC) has announced its Focuses for 30 June 2014 financial reports (30 May 2014), in relation to financial reports for listed entities and other entities of public interest with a large number of stakeholders.

Published in Financial Integrity

Bank Faces Potential Record Fine

05 Jun 2014
Written by World Watch

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.

Published in Financial Integrity

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).

Published in Financial Integrity

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.

Published in Conflicts of Interest

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).

Published in Financial Integrity

The International Monetary Fund (IMF) has made available Economic Inclusion and Financial Integrity (27 May 2014), an address by IMF managing director Christine Lagarde to the Conference on Inclusive Capitalism (further information) that was recently held in London.

Published in Financial Integrity

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".

Published in Financial Integrity

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.

Published in Financial Integrity

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".

Published in Financial Integrity

© 2013 SAI Global Limited ABN 67 050 611 642

Login

LOG IN

Register

User Registration
or Cancel