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Editors

Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Bill Steinman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

FINRA fines Banorte-Ixe Securities for inadequate AML program

The Financial Industry Regulatory Authority (FINRA) said Wednesday it has fined Banorte-Ixe Securities International, Ltd. $475,00 for not having adequate anti-money laundering procedures in place.

Because of the firm’s AML compliance failures, it opened an account for a corporate customer owned by an individual with reported ties to a drug cartel.… Continue Reading

New TI report: how bribes work, how to stop them

Transparency International’s UK chapter released a new handbook Wednesday for creating or enhancing an anti-bribery compliance program.

The handbook targets businesses subject to the UK Bribery Act and U.S. Foreign Corrupt Practices Act, and helps them anticipate, avoid and resist bribery.… Continue Reading

Four truckloads of luxury goods seized from China general

A golden wash basin, a statue of Chairman Mao Zedong, and boxes of high-end Moutai liquor have been found on property owned by Gu Junshan (pictured), providing a glimpse into the lavish lifestyle of the former People’s Liberation Army (PLA) general who’s now under investigation.… Continue Reading