All posts tagged "Citigroup"
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104AML / KYCWEF Offers Framework to Help Prevent Illicit Financial Flows
The "Unifying Framework" published this month sets out five core practices for gatekeepers to use to identify and respond to potential illicit activity.
June 16, 2021 -
528AML / KYCTaiwan FSC Fines Citibank, DBS for AML Violations
The regulator cited failures related to customer due diligence, review mechanisms, transaction monitoring, risk assessment, and investigations.
May 14, 2021 -
225EnforcementUS Court Dismisses Collusion Case Against 10 Global Banks
The judge dismissed a case against 10 banks alleging manipulation of the US Treasuries market due to a lack of evidence of a conspiracy.
April 8, 2021 -
320EnforcementNew York Court Reinstates SIBOR Manipulation Lawsuit
The case is being reinstated to allow Fund Liquidation Holdings LLC to pursue claims against 18 banks on behalf of two defunct funds that initially launched the lawsuit.
March 19, 2021 -
178FeatureHong Kong to Increase Stamp Duty on Stock Transactions
The decision is estimated to raise trading costs by 6-15 percent, depressing trading volumes and squeezing HKEX’s earnings per share by 3-7 percent.
February 25, 2021 -
188FeatureUS Court Rules Against Citigroup Over Revlon Error Payment
The federal judge ruled that a group of asset managers are not required to return $501mn that Citigroup mistakenly paid early on behalf of Revlon last August.
February 18, 2021 -
371EnforcementForeign Banks Penalised in Taiwan for Facilitating FX Speculation
Deutsche Bank is permanently banned from trading TWD deliverable and non-deliverable forwards. ING, ANZ and Citi received lesser punishments.
February 9, 2021 -
220EnforcementLondon Trader Jailed for LIBOR Manipulation Released
Tom Hayes told Bloomberg this week that efforts to replace LIBOR were pointless and that the rate was far safer now.
February 5, 2021 -
363EnforcementTaiwan to Impose Tighter FX Rules to Curb Currency Speculation
The move follows a probe into dubious currency practices at eight major grain merchants in Asia, facilitated by six foreign banks.
February 5, 2021 -
246Hong KongHong Kong Government Prices First Ever 30 Year Green Bond
Hong Kong has priced the first ever 30-year green bond by an Asian government and the longest tenor bond in its history.
January 28, 2021
