For compliance professionals and the programs they run, politically exposed persons are a big deal. PEPs trigger money laundering and corruption concerns and therefore attract enhanced due diligence. So, I always assumed PEPs are easy to identify.… Continue Reading
Employer: Citigroup Inc.
Location: Washington, DC USA
Description: Serves as Anti-Bribery Subject Matter Expert and Deputy Chief Anti-Bribery Officer, supporting the Chief Anti-Bribery in the oversight of Citi’s enterprise-wide Anti-Bribery Program.… Continue Reading
Employer: Citigroup, Inc.
Location: Tampa, Florida USA
Description: 1) Anti-Bribery subject matter expert responsible for overseeing the bank’s risk-taking activities and Anti-Bribery program for the LATAM region.… Continue Reading
It’s executive compensation season at shareholder meetings and corporate boardrooms across America, and pay for performance continues to be a hot topic.
The intersection of CEO compensation, performance and trust is discussed in recent stories about:
Comcast’s Brian Roberts Made $36.2M In 2015, Up 10% (here)
Comcast compensation: Michael Cavanagh is highest paid CFO in the nation (here)
Battle between Verizon and strikers enters endurance phase (here)
About One-Third of Citigroup Shareholders Rebuke Bank on Pay (here)
HSBC Holdings said in an earnings release Monday that the SEC is investigating the bank’s hiring practices in Asia.
London-based HSBC said it has received various requests for information and is cooperating with the SEC’s investigation.… Continue Reading
The Securities and Exchange Commission Tuesday said BNY Mellon agreed to pay $14.8 million to settle charges that it violated the Foreign Corrupt Practices Act by providing valuable student internships to family members of foreign government officials affiliated with a Middle Eastern sovereign wealth fund.… Continue Reading
The first defendant to go on trial in the UK as part of the Serious Fraud Office’s criminal investigation into the manipulation of Libor was convicted and sentenced Monday at Southwark Crown Court.… Continue Reading
The Federal Deposit Insurance Corporation Wednesday imposed a civil penalty of $140 million against Banamex USA of Century City, California for violations of the Bank Secrecy Act (BSA) and anti-money laundering (AML) laws and regulations.… Continue Reading
In a securities filing this month, Bank of New York Mellon Corp. said it received a subpoena from the SEC asking about job offers to government officials and internships awarded to their family members.… Continue Reading
Bank of New York Mellon Corp. said the SEC has recommended an enforcement action for possible FCPA violations related to the bank’s dealings with sovereign wealth funds.
In an SEC filing Friday, BNY said it received a so-called Wells Notice in the fourth quarter of 2014, and some current and former employees had received the same notice in the third quarter.… Continue Reading