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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

Posts Tagged: Hugan Zhiguang

FinCEN: Andorra bankers took bribes to launder money for China, Russia, Venezuela criminals

The U.S. Treasury Department’s Financial Crimes Enforcement Network said senior managers at Banca Privada d’Andorra took bribes for several years to help launder money for organized crime groups.

FinCEN designated the bank, known as BPA, as a foreign financial institution of primary money laundering concern under Section 311 of the USA PATRIOT Act.… Continue Reading

Job: Compliance Officer – Anti-Bribery & Corruption Officer – AVP/VP (Deutsche Bank, NYC)

Job Title: Compliance Officer – Anti-Bribery & Corruption Officer – AVP/VP

Employer: Deutsche Bank

Location: New York, NY



Support ABC matters within the AMERICAS region, working with the Regional Head of ABC, AMERICAS, AML and Financial Crime and Compliance staff to implement and update ABC processes and ensure, as appropriate, consistency in policies, procedures and controls; Support the undertaking of risk assessments specific to ABC risks across the AMERICAS region .… Continue Reading

U.S. to Deutsche Bank: Fix reporting and risk controls

Deutsche Bank in Frankfurt, Germany, courtesy of WikipediaU.S. banking regulators have ordered Deutsche Bank AG to improve its compliance systems and risk controls, the Wall Street Journal said.

The report Thursday cited an agreement Deutsche Bank entered into with the Federal Reserve Bank of New York and New York’s Department of Financial Services.… Continue Reading

NY Fed knocks Deutsche Bank financial reports

The Federal Reserve Bank of New York has found serious problems in Deutsche Bank’s U.S. operations, including poor financial reporting, weak technology and inadequate auditing and oversight.

A source told Reuters Wednesday that a senior official with the New York Fed said in a letter last December to the German bank’s executives that that financial reports produced by some of the bank’s U.S.… Continue Reading