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International news & developments - December 2016

 

EMEA Region

UK – RBS settles three claims with shareholder groups who say they were misled over fundraising in 2008.

UK – Former BlackRock Manager sentenced to 18 months for insider trading.

UK – Finance sector paid £71.4bn in tax, 11.5% of the UK’s total tax receipts.

HSBC, JPMorgan and Credit Agricole fined by the EU for rigging a key European benchmark rate.

UK – Crime family lose £2m unexplained assets following a civil recovery process.

Sweden – E-money revolution could end banks as we know them.

Italy – State rescue looms for Monte dei Paschi di Siena, Italy’s third largest bank.

France – Major Banks in advanced stages of planning to shift some operations from London to Paris, according to a leading French financial regulator.

Russia – New requirements for all Russian companies to identify their ultimate beneficial owners in force WEF 21st December 2016. 

France/Switzerland - UBS accused over cross-border ‘tax fraud money laundering’.

Switzerland – Financial Action Task Force publishes mutual evaluation on Switzerland.

 

APAC Region

Australia – BMW to pay $57m for irresponsible lending.

Hong Kong – 29 current and former staff of five financial institutions arrested in bribery probe.

Australia – Tennis Australia boosts anti-corruption fight ahead of Australian Open.

China – China Tightens Anti-Money Laundering Regulations for Banks.

 

US Region

Deutsche Bank agrees $7.2bn penalty with US regulators over an investigation into mortgage-backed securities.

New AML compliance requirements for New York come into force on 1st January 2017.

Credit Suisse Securities (USA) LLC fined $16.5m for significant deficiencies in its AML programme.

Financial Action Task Force publishes mutual evaluation on US.

 

LATAM Region

Brazilian companies, Odebrecht S.A. and Braskem S.A., penalised US$3.5bn for paying hundreds of millions of dollars in bribes to government officials around the world.

 

Misc. 

Conclusion of the 17th International Anti-Corruption Conference.

FSB publishes progress report and 2017 work plan to assess and address the decline in correspondent banking.

 

News Archive

News round up 

A round-up of international news from December 2016

News round up 

A round-up of international news from November 2016

News round up

A round-up of international news from October 2016

News round up

A round-up of international news from September 2016

News round up

A round-up of international news from August 2016

News round up

A round-up of international news from July 2016

News round up

A round-up of international news from June 2016

News round up
A round-up of international news from May 
2016

News round up
A round-up of international news from April 
2016

News round up
A round-up of international news from March 
2016

News round up
A round-up of international news from February 2016

News round up
A round-up of international news from January 2016

News round up
A round-up of international news from December 2015

News round up
A round-up of international news from November 2015

News round up
A round-up of international news from October 2015

News round up
A round-up of international news from September 2015

News round up
A round-up of international news from August 2015

News round up
A round-up of international news from July 2015

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