Credit Suisse | The FCPA Blog

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Posts Tagged: Credit Suisse

Credit Suisse discloses FCPA investigation for Asia hiring practices

Richard L. Cassin February 14, 2018

Banking giant Credit Suisse Group AG said Wednesday the DOJ and SEC are investigating its hiring practices in the Asia Pacific region.

The agencies want to know whether Credit Suisse hired referrals from government agencies and other state-owned entities “in exchange for investment banking business and/or regulatory approvals,” according to a fourth-quarter earnings release.… Continue Reading

Singapore fines Credit Suisse, UOB for 1MDB-related offenses

Richard L. Cassin May 31, 2017

Singapore’s central bank Tuesday fined Credit Suisse and United Overseas Bank for breaching anti-money laundering rules in connection with Malaysian sovereign wealth fund 1Malaysia Development Berhad.

The Monetary Authority of Singapore (MAS) said in a statement it fined Credit Suisse about $505,000 and UOB about $650,000.… Continue Reading

FINRA fines Credit Suisse securities unit $16.5 million for ‘significant AML deficiencies’

Richard L. Cassin December 5, 2016

The Financial Industry Regulatory Authority said Monday it fined Credit Suisse Securities (USA) LLC $16.5 million for anti-money laundering and supervision violations.

Credit Suisse’s suspicious activity monitoring program was deficient, FINRA said.… Continue Reading

FINRA fines Deutsche Bank $6 million for missing and late trade info

Richard L. Cassin July 5, 2016

Deutsche Bank Securities Inc. paid a $6 million fine for failing to provide complete and accurate trade data to FINRA and the SEC.

It was the biggest fine the Wall Street regulator has imposed for so-called blue sheet violations.… Continue Reading

Job: Global Anti-Bribery & Corruption Officer (Credit Suisse – New York, NY)

The FCPA Blog June 6, 2016

Job Title: Global Anti-Bribery & Corruption Officer

Employer: Credit Suisse

Location: New York, NY, United States

Description

The Global Anti-Corruption Compliance team develops and implements the Bank’s enterprise-wide compliance program relating to anti-corruption, third-party intermediaries, gifts and entertainment, and other client benefits.… Continue Reading

HSBC: SEC investigating Asia hiring practices

Richard L. Cassin February 24, 2016

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

Julius Baer pays $547 million for U.S. tax scam, two bankers plead guilty

Richard L. Cassin February 8, 2016

Two former Julius Baer bankers pleaded guilty Thursday and the Swiss bank paid $547 million to settle a criminal case for helping clients cheat on their U.S. taxes.

Daniela Casadei, a Swiss citizen, and Fabio Frazzetto, and Italian, each pleaded guilty in Manhattan federal court to conspiracy to defraud the IRS, to evade federal income taxes, and to file false federal income tax returns. … Continue Reading

Credit Suisse pays $4.25 million for ‘blue sheet’ compliance gaps

Richard L. Cassin September 29, 2015

Credit Suisse Securities (USA) LLC agreed Monday to pay $4.25 million for submitting deficient information to the SEC over a two-year period about trades by customers, commonly referred to as “blue sheet data.”… Continue Reading

Brazil investigates big banks for exchange rate manipulation

Priscila Akemi Beltrame September 15, 2015

Brazil’s antitrust agency opened an investigation into fifteen foreign banks and thirty individuals for allegedly forming a cartel to manipulate exchange rates of local Brazilian reals and foreign currency.

Among the banks under investigation are affiliates of Tokyo-Mitsubishi UFJ, Barclays, Citibank, Credit Suisse, Deutsche Bank, HSBC, JPMorgan Chase, Merrill Lynch, Morgan Stanley, Nomura, Royal Bank of Canada, Royal Bank of Scotland, Standard Chartered, UBS, and Standard Bank (South Africa), according to the release from the agency.… Continue Reading

Job: Global Anti-Corruption Compliance Program Officer (Credit Suisse — NYC)

The FCPA Blog August 24, 2015

Job Title: Global Anti-Corruption Compliance Program Officer

Employer: Credit Suisse

Location: New York, NY USA

Description

BNY Mellon pays $15 million in FCPA settlement for internship hiring practices

Richard L. Cassin August 18, 2015

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

Compliance officer shortage hurts Singapore banks

Richard L. Cassin July 28, 2015

Along with New York, London, and Hong Kong, Singapore now ranks as one of the world’s most important financial centers. And to protect its new-found status, the tiny Southeast Asia country has cracked down hard on money laundering.… Continue Reading