N26 under BaFin scanner for inadequate measures against money laundering

By NS Banking Staff Writer

13 May 21

Special commissioner appointed to ensure that the German neobank addresses the concerns

Regulation

ASIC sues Westpac for insider trading over $9.3bn Ausgrid deal

By NS Banking Staff Writer

06 May 21

The banking group has also been accused of unconscionable conduct and violating its licensee obligations

Regulation

FCA starts criminal proceedings against NatWest

By NS Banking Staff Writer

18 Mar 21

The FCA has brought criminal proceedings against NatWest under regulation 45 of MLR 2007

Regulation

Deutsche Bank to pay $130m fine to settle bribery and fraud charges in US

By NS Banking Staff Writer

11 Jan 21

The bank has agreed to pay the fine and settle charges for violating the Foreign Corrupt Practices Act…

Banking ServicesWealth ManagementRegulation

Trump signs executive order to ban transactions with eight Chinese apps

By NS Banking Staff Writer

07 Jan 21

The apps include Alipay, CamScanner, QQ Wallet, Tencent QQ, and WeChat Pay

Banking ServicesCards and PaymentsRegulation

Sea to receive digital full bank license in Singapore

By NS Banking Staff Writer

07 Dec 20

According to Monetary Authority of Singapore, the digital full bank license to Sea marks the first such license…

Banking ServicesCards and PaymentsRegulation

ION to sell Broadway’s fixed income unit to resolve competition concerns

By NS Banking Staff Writer

11 Nov 20

The competition concerns were raised by the UK watchdog after it launched initial investigation into the merger of…

Banking ServicesRegulationBanking Technology

Goldman Sachs to pay $2.9bn fine for involvement in 1MDB scandal

By NS Banking Staff Writer

23 Oct 20

The US financial institution has been fined by the US DOJ and various regulators in multiple countries over…

Banking ServicesRegulationInvestment Banking

Citigroup fined $400m by US regulators over deficiencies in risk management

By NS Banking Staff Writer

08 Oct 20

Citigroup has been fined for deficiencies in enterprise-wide risk management, data governance, and internal controls

Banking ServicesRetail BankingRegulation

Westpac to pay $918m penalty to settle money laundering breaches

By NS Banking Staff Writer

25 Sep 20

The penalty will help Westpac settle the civil proceedings brought against it by AUSTRAC in November 2019

Regulation