The chairman of the U.S. Senate Banking Committee said Wells Fargo Chief Executive Charles Scharf needs a plan to improve the bank’s internal controls.
Facing competitive pressure from consulting firms and others, old law firms try to pick up new tricks.
The Anglo-Swiss commodities company published a 13-page investor update about its ethics and compliance program, which coincided with settlements it reached with various regulators.
Law firms are branching out beyond lawyers in a bid to beat out rival advisers, and the SEC confirms a probe into Elon Musk’s disclosure of Twitter stake. Also, the EY split-up plan exposes a rift among accounting firms.
Brian Nelson, the top U.S. counterterrorism finance official, said the expanding list of sanctions against Russia highlights money-laundering risks for investment advisers.
Officials with the U.S. Justice Department and Commodity Futures Trading Commission say they will continue to home in on crypto.
More insurers are offering coverage to cryptocurrency companies, hoping to profit from the industry’s rapid growth.
Arthur Hayes, a co-founder and former chief executive of cryptocurrency derivatives exchange BitMEX, has been sentenced to serve six months of house arrest for violating U.S. law by failing to establish a compliant anti-money-laundering program.
A Wells Fargo unit has agreed to pay $7 million in a settlement with the SEC after alleged glitches in a new anti-money-laundering system let suspicious transactions escape initial notice.
The sentencing of Ricardo and Luis Martinelli closes another chapter of the far-reaching corruption probe into Brazilian construction giant Odebrecht.
A new military and economic aid package to help Ukraine repel Russia’s invasion includes additional funding for the Treasury’s Financial Crimes Enforcement Network.
Top officials from the U.S. Treasury Department, the Commerce Department and the New York State Department of Financial Services said that when it comes to the digital assets industry, the involvement of the private sector is crucial.
Carnival Corp.’s ethics and compliance chief, Peter Anderson, who was hired in the wake of legal troubles faced by one of the cruise-line operator’s subsidiaries, has resigned.
The number of cases of alleged digital asset fraud and manipulation continues to accelerate, the head of the Commodity Futures Trading Commission said.
The agency is asking the Tesla CEO why he didn’t make the required filing within 10 days after his Twitter stake crossed the 5% threshold.
Rivals of Ernst & Young say they are not going along with its idea to divide auditing and consulting businesses.