Treasury’s Crime Unit Floats New Customer ID Rules for BDs, Mutual Funds
Meanwhile, FinCEN continues to work with the SEC on anti-money laundering rules for advisors.
SIFMA Pushes for Higher Muni Trading Standard
The industry group is asking the Municipal Securities Rulemaking Board to follow its suggestions for the good of investors.
N.Y. Action on Standard Chartered Surprised Other Regulators
Not only was Standard Chartered apparently blindsided by the move, so were federal regulators; negotiations had been ongoing for some time for what the bank hoped would be a quiet settlement.
Unleash the Hounds
By hounds, we mean lawyers; not that we’re necessarily comparing lawyers to dogs, but the former do have something of a Pavlovian response to new regulation and the potential “opportunity” it affords … we’ll leave it at that.
Yakuza, International Gang Members Banned From U.S. Markets
The godfather and deputy godfather of a Japanese yakuza and five members of another criminal group were banned from U.S. markets Thursday in an attempt to protect markets from disrupting activities and the use of illicit funds.
Chinese Lending Gains Momentum
Efforts by China failed to slow down loans given by banks in the second quarter.
?- The CFP Board has hired Marilyn Mohrman-Gillis as managing director, Public Policy, effective August 18. Mohrman-Gillis will be responsible for developing and overseeing CFP...