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Tuesday, February 25, 2020 - Bank watchdog asks PwC to probe Goldman reporting
Goldman Sachs
Source - https://news.sky.com/story/bank-watchdog-asks-pwc-to-probe-goldman-reporting-11942814
Britain's banking watchdog has drafted in accountants to scrutinise the quality of Goldman Sachs' regulatory reporting at its vast London-based operations.

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Tuesday, February 25, 2020 - Court orders Credit Suisse to provide $1bn fraud related documents
Credit Suisse
Source - https://www.verdict.co.uk/private-banker-international/news/court-orders-credit-suisse-to-provide-1bn-fraud-related-documents/
The Supreme Court of Bermuda has ordered Credit Suisse to turn over documents to victims of an estimated $1bn fraud carried out by Credit Suisse from the last seven years, according to Metigen.

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Tuesday, February 25, 2020 - FCA admits data breach
UK Financial Conduct Authority (FCA)
Source - https://www.finextra.com/newsarticle/35348/fca-admits-data-breach?utm_medium=newsflash&utm_source=2020-2-25&member=22821
The UK's top regulator has referred itself to the Information Commissioners Office after suffering a data breach that revealed the names and other identifiable information of 1600 individuals who had lodged complaints against it.

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Monday, February 24, 2020 - OCC chastises M.Y. Safra Bank for oversight of crypto clients, extensive failures in all pillars of AML program
M.Y. Safra Bank (part of Safra Group)
Source - https://www.acfcs.org/occ-chastises-m-y-safra-bank-for-oversight-of-crypto-clients-extensive-failures-in-all-pillars-of-aml-program/
The regulator of the country’s largest and most complex banks has sanctioned a New York-based private bank for its oversight, monitoring and reporting of potentially suspicious activity tied to crypto clients – a rare foray into where the worlds of virtual assets and compliance converge.

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Friday, February 21, 2020 - FINRA bars ex-Fidelity rep who refused to testify
Fidelity Investments
Source - https://www.thinkadvisor.com/2020/02/21/finra-bars-ex-fidelity-rep-who-refused-to-testify/
The Financial Industry Regulatory Authority barred an ex-Fidelity broker from association with any FINRA member in any capacity after he refused to cooperate with the regulator’s investigation into his termination, according to FINRA.

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Friday, February 21, 2020 - Barclays faces probe over 'Big Brother' computer software it used to spy on staff
Barclays Bank
Source - https://www.dailymail.co.uk/money/markets/article-8030617/Barclays-faces-probe-computer-software-used-spy-staff.html
Barclays was last night facing an investigation by the data watchdog over 'Big Brother' computer software it used to spy on staff.

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Friday, February 21, 2020 - Wells Fargo pays $3b, avoids prosecution for sales abuses
Wells Fargo & Co.
Source - https://bic.financial-planning.com/articles/wells-fargo-pays-3-billion-avoids-prosecution-for-sales-abuses
Wells Fargo will pay $3 billion to settle U.S. investigations into more than a decade of widespread consumer abuses under a deal that lets the scandal-ridden bank avoid criminal charges.

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Thursday, February 20, 2020 - Citrix says hackers were inside its networks for nearly five months
Citrix Systems
Source - https://www.insurancebusinessmag.com/us/news/cyber/citrix-says-hackers-were-inside-its-networks-for-nearly-five-months-214333.aspx
Nearly a year after it reported suffering a cyberattack, software company Citrix Systems has revealed that the hackers responsible were stealing data from its systems for nearly five months.

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Thursday, February 20, 2020 - Taiwan FSC fines Cathay Life for lax sales controls
Cathay Life Insurance / 國泰人壽-首頁
Source - https://www.regulationasia.com/taiwan-fsc-fines-cathay-life-for-lax-sales-controls/
Cathay Life failed to improve its internal controls for sales agents and its insurance underwriting mechanism despite complaints from 14 customers.

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Thursday, February 20, 2020 - Finma penalises Julius Baer because of money laundering
Julius Baer Group / Julius Bär Gruppe
Source - https://www.investmenteurope.net/news/4011088/finma-penalises-julius-baer-money-laundering
The Swiss Financial Market Supervisory Authority (Finma) has found that Julius Baer fell significantly short in combating money laundering between 2009 and early 2018.

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Wednesday, February 19, 2020 - FINRA orders Stifel to pay $500k in customer dispute
Stifel Financial Corp. (SFC)
Source - https://www.thinkadvisor.com/2020/02/19/finra-orders-stifel-to-pay-500k-in-customer-dispute/
A Financial Industry Regulatory Authority panel ordered Stifel to pay $500,000 in compensatory damages to a customer who had claimed one of the firm’s representatives “mishandled” her account “through unsuitable, unauthorized, and excessive trading.”

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Saturday, February 15, 2020 - China locks away banknotes after cleaning them with UV light to stop coronavirus spread
People's Bank of China / 中国人民银行
Source - https://www.news18.com/news/world/china-locks-away-banknotes-after-cleaning-them-with-uv-light-to-stop-coronavirus-spread-2501953.html
China is disinfecting and isolating used banknotes as part of efforts to stop the spread of the new coronavirus that has killed more than 1,500 people, officials said Saturday.

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Friday, February 14, 2020 - Nedbank client data compromised in security breach at third-party provider
Computer Facilities Pty Ltd
Source - https://securityaffairs.co/wordpress/97840/breaking-news/nedbank-third-party-provider-breach.html
Nedbank bank disclosed on Thursday a security breach at a third-party supplier that has compromised the details of as many as 1.7 million of its clients.

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Thursday, February 13, 2020 - Former RBS banker sues regulator for share of multi-billion fine
Royal Bank of Scotland (RBS)
Source - https://citywire.co.uk/wealth-manager/news/former-rbs-banker-sues-regulator-for-share-of-multi-billion-fine/a1323503
A former senior employee at the Royal Bank of Scotland (RBS) is suing the US Department of Justice and the Security and Exchange Commission (SEC) for a bounty he claims has been wrongly denied to him.

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Wednesday, February 12, 2020 - Three HSBC traders named in second ‘front-running’ case
HSBC
Source - https://www.financemagnates.com/institutional-forex/execution/uk-court-charges-hsbc-traders-in-second-front-running-case/
Three FX traders at HSBC Holdings Plc are facing charges of “front-running” foreign exchange orders submitted by British investment firm ECU Group in 2006.

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Tuesday, February 11, 2020 - Aurelius files criminal complaint against short seller
Aurelius Group
Source - https://www.penews.com/articles/aurelius-files-criminal-complaint-against-short-seller-20200211
Aurelius Equity Opportunities, the listed private equity firm, has said it filed a criminal complaint with the German authorities against a short seller for alleged market manipulation.

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Tuesday, February 11, 2020 - Banks close branches in China, Hong Kong, Macau over Coronavirus
HSBC
Source - https://www.verdict.co.uk/retail-banker-international/news/banks-close-branches-in-china-hong-kong-macau-over-coronavirus/
Several major banks, from HSBC to Standard Chartered to UOB, have closed outlets in China, Hong Kong and Macau, due to concerns over the spread of the coronavirus epidemic.

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Friday, February 7, 2020 - Credit Suisse CEO resigns after spying scandal
Credit Suisse
Source - https://www.upi.com/Top_News/World-News/2020/02/07/Credit-Suisse-CEO-resigns-after-spying-scandal/5981581084650/?sl=2&ur3=1
Credit Suisse CEO Tidjane Thiam will step down after a spying scandal involving former employees, the Swiss investment bank announced Friday.

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Friday, February 7, 2020 - SEC fines ABN AMRO for improper handling of ADRs
ABN Amro
Source - https://www.financemagnates.com/institutional-forex/sec-fines-abn-amro-for-improper-handling-of-adrs/
The US-based broker-dealer arm of Netherlands banking giant ABN AMRO on Thursday agreed to pay $586,000 to settle claims that they issued American Depository Receipts (ADRs) without possessing the underlying foreign shares.

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Thursday, February 6, 2020 - Bank fined £500,000 for breaching counter-terror and money-laundering regulations
Abu Dhabi Commercial Bank (ADCB) / بنك أبوظبي التجاري
Source - https://jerseyeveningpost.com/news/2020/02/06/bank-fined-500000-for-breaching-counter-terror-and-money-laundering-regulations/
A Jersey branch of a global bank has been fined almost £500,000 for failing to comply with anti counter-terror and money laundering regulations.

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