All articles by Verdict Staff
Verdict Staff
Truxton Trust names new senior vice president in wealth management
Truxton Corporation, a bank holding company and the parent of Truxton Trust Company said that Brad Dunlavy has joined the company as senior vice president and wealth advisor team leader.
Hargreave Hale expands London team
Hargreave Hale, a UK-based discretionary manager, has expanded its London team by appointing Ben McKeown as new investment manager.
HMRC announces new penalties for offshore tax evaders
The UK’s HM Revenue and Customs (HMRC) has urged people with undeclared offshore tax liabilities to come forward and pay what they owe or face prosecution, under new rules announced by the government.
Argentine tax authority raids HSBC in money-laundering probe
Argentina’s AFIP tax bureau has raided HSBCs Buenos Aires headquarters in search of documents for the tax-evasion and money-laundering case opened against the bank last February.
Northern Lights Compliance Services opens new office in California
Northern Lights Compliance Services (NLCS), a team that assists mutual funds, RIAs and broker-dealers meet their compliance requirements, has opened a new office in San Rafael, California.
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Former Rabobank trader pleads guilty over Libor rigging
A former Rabobank trader pleaded guilty for his role in a conspiracy to commit wire and bank fraud by manipulating the bank’s Yen Libor submissions to benefit trading positions.
FINRA charges Wedbush Securities for anti-money laundering violations
The Financial Industry Regulatory Authority (FINRA) has filed a complaint against Los Angeles-based Wedbush Securities for systemic supervisory and anti-money laundering (AML) violations in connection with providing direct market access and sponsored access to broker-dealers and non-registered market participants.
Barclays faces FCA fine over client asset segregation
British banking major Barclays is set to be hit with its second fine by the UKs Financial Conduct Authority (FCA) over failures to segregate client assets properly, according to a Bloomberg report.
Citi Private Bank names new director
Citi Private Bank has named Shane Hiller as new director and private banker at its San Francisco office.
StanChart fined US$300 million over anti-money laundering compliance failures
Standard Chartered (StanChart) has agreed to pay as much as US$300 million to New York’s banking regulator to settle allegations that it failed to properly check possible money laundering.