SEC Commissioner Daniel M. Gallagher talked Monday about the expanded role of compliance professionals in the securities industry.
Instead of focusing on the “scoundrels in the industry,” he talked about the “folks from the other end of the spectrum.”… Continue Reading
U.S. prosecutors asked a federal judge Monday to sentence former Guatemalan President Alfonso Portillo to almost six years in jail following Portillo’s admission to taking $2.5 million in bribes from Taiwan.… Continue Reading
Hundreds of inspectors from the National Audit Office (NAO) have been sent to the State Grid Corporation of China (SGCC), the country’s largest state-owned electric utility company, to conduct accountability audits of the company’s top management.… Continue Reading
Citigroup said Wednesday it has fired a dozen employees in Mexico, including four senior executives, in connection with a $400 million fraud involving its Banamex unit.
An internal memo to employees from the bank’s chief executive, Michael Corbat, disclosed the terminations.… Continue Reading