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
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
Deutsche Bank AG has filed a lawsuit against its former employee Zhang Hongli, also known as Lee Zhang, for transferring $3.9 million to a bank account in Shenzhen.… Continue Reading
Deutsche Bank is under investigation for whether it hired the children of Chinese government officials as a way to win work, according to a Reuters report based on unnamed sources.
The report didn’t include any details about which agencies are conducting the investigation or if individuals are targeted.… Continue Reading
Two executives of an SEC-register broker-dealer pleaded guilty Thursday to bribing an official of a state-owned Venezuelan bank in exchange for bond trading business.
Ernesto Lujan, a former managing partner of Direct Access Partners, and Tomas Alberto Clarke Bethancourt (also known as Tomas Clarke), a former senior vice president, pleaded guilty to conspiracy, money laundering, and violating the Foreign Corrupt Practices Act.… Continue Reading
Job Title: Compliance, PWM Surveillance, Analyst/Associate
Employer: Goldman Sachs
Location: New York, NY
Job Scope: The Private Wealth Management (PWM) Compliance Surveillance Business Analyst will be a critical participant in the continued enhancement of an optimized global surveillance program. … Continue Reading
The DOJ Wednesday arrested the former head of the Miami office of brokerage firm Direct Access Partners for conspiracy to bribe an officer at a state-owned Venezuela bank in exchange for bond trading business.… Continue Reading