All posts tagged "Citigroup"
-
471EnforcementHong Kong: Investors Seek Compensation for Failed IPOs – Report
The SFC has issued almost HK$1bn in penalties for IPO sponsor failures over 20 years. These proceeds have gone to the government, not investors.
May 11, 2020 -
615FeatureSingapore: HSBC Seeks Court Order to Replace ZenRock Management
ZenRock is the latest Singapore commodities trader to come under scrutiny, for allegedly using the same cargo to secure financing from multiple banks.
May 8, 2020 -
422Capital RegulationECB Calls on Banks to Suspend Dividends, Buybacks for Six Months
Rabobank, ING, ABN Amro, UniCredit, Commerzbank, Banco Santander, KBC Bank, Allied Irish Bank and Bank of Ireland have suspended dividend and buyback plans until 1 October.
March 31, 2020 -
888Hong KongHong Kong to Update List of FSPs Under Clearing Obligation
Eight additional entities are proposed to be included on the list of Financial Services Providers under the OTC derivatives clearing regime.
March 27, 2020 -
543EuropeFCA Issues Guidance on Brexit Transition Period
During the 11-month transition period, EU law will continue to apply in the UK, including passporting arrangements and consumer rights protections.
January 31, 2020 -
517ChinaTrade Deal to Enable Early Entry of US Firms to China
Under the agreement, the December timeline for China's removal of foreign ownership limits in the securities sector is brought forward to April.
January 16, 2020 -
557ChinaChina to Introduce New Rules for Online-only Banks – Report
The framework will enable foreign banks in China to set up separate digital banking platforms, while also covering existing online-only banks WeBank, MYbank and AiBank.
January 15, 2020 -
700AML / KYCFINRA Fines Five Firms Over Custodial Accounts for Minors
Citigroup, JP Morgan, LPL Financial, Morgan Stanley and Merrill Lynch failed to properly monitor custodial accounts to ensure assets were transferred to beneficiaries once they came of age.
December 30, 2019 -
550AML / KYCBSP Probes Ten Banks Linked to Westpac AML Violations
The banks received funds for their clients through the Bank of the Philippine Islands, which was the local partner of the Westpac money transfer service known as LitePay.
December 20, 2019 -
954AML / KYCCiti Sent 99pc of Westpac Transfers That Breached AUSTRAC Requirements
Citi is not under investigation, though AUSTRAC has criticised the bank for not providing sufficient information about the payments and the source of funds.
December 4, 2019
