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
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
Barclays PLC paid the SEC $6.3 million Friday to settle FCPA offenses related to the hiring of relatives of public officials in Asia.
The British bank disgorged $3.8 million and paid a $1.5 million penalty to the SEC, plus pre-judgment interest of $984,000.… Continue Reading
Catherine Leung Kar-cheung (image courtesy of MizMaa Ventures)Hong Kong’s anti-corruption agency said Thursday it has charged JPMorgan’s former Asia investment banking vice chair with two counts of bribery for trying to hire the son of an IPO client.… Continue Reading
Credit Suisse Group AG and its Hong Kong unit agreed Thursday to pay the DOJ and SEC $76.7 million for a referral hiring scheme that violated the Foreign Corrupt Practices Act.… Continue Reading
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
Job Title: Corporate – Global Head of Anti-Corruption Compliance – Executive Director
Employer: JPMorgan Chase & Co.
Location: New York, NY
Description: JPMorgan Chase & Co. seeks a Compliance Executive Director to lead its Global Anti-Corruption Compliance team in the United States.… Continue Reading
Citigroup Inc. said Friday it is being investigated for hiring practices that might violate the FCPA.
The bank said the SEC and other agencies are “conducting investigations or making inquiries concerning compliance with the Foreign Corrupt Practices Act and other laws.”… Continue Reading
Job Title: Corporate – Anti-Corruption Compliance – Vice President
Employer: JPMorgan Chase
Location: New York, NY
Description: This position will be part of JPMorgan’s Global Anti-Corruption Compliance team, which is responsible for oversight of the firm’s Anti-Corruption Program, including program governance, policy development, risk assessment, third party oversight, training, monitoring, exam coordination and policy enforcement.… Continue Reading
Last week’s $264 million enforcement action against JPMorgan Chase included disgorgement to the SEC of $130.5 million — the seventh biggest FCPA disgorgement of all time.
The SEC said $105.5 million was disgorgement and $25 million was pre-judgment interest.… Continue Reading
Reports of trainee bankers cheating on internal exams at JP Morgan’s New York office and at Goldman Sachs in London and New York point to the need to prepare for a future in which training and compliance are merged.… Continue Reading
Target, Sony, JP Morgan Chase, Home Depot, Neiman Marcus, Anthem and others have already reported significant security breaches. So it’s not surprising that the federal government and states are becoming increasingly aware of the need for strong data protection laws and their enforcement.… Continue Reading
A former JPMorgan Chase banker pleaded guilty in federal court in San Diego Friday to taking bribes to influence mortgage sales.
Prosecutors said Lynda Sanabria, 51, pleaded guilty to conspiracy to commit bank bribery and tax evasion.… Continue Reading
Job Title: Global Compliance/Legal Senior Audit Manager
Employer: JPMorgan Chase
Location: New York, New York
Description
The Global Compliance/Legal Senior Audit Manager will be responsible for driving audit coverage for Global Compliance, Compliance Operations and Legal across the department and provide and identify required subject matter expertise related to significant compliance topics.… Continue Reading
