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New York State Department Of Financial Services Fines Mashreqbank And Its New York Branch $40 Million For Violations Of New York Anti-Money Laundering And Recordkeeping Laws - DFS Examinations Found Multiple Deficiencies In The Bank’s Compliance With Anti-Money Laundering Laws And Office Of Foreign Asset Controls Regulations - Bank Must Hire Third-Party Consultant To Address Compliance Deficiencies And Review Transaction Clearing Activity

Date 11/10/2018

Financial Services Superintendent Maria T. Vullo today announced that the Department of Financial Services has fined United Arab Emirates-based Mashreqbank PSC and its New York branch $40 million for violations of U.S. Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) laws in the New York branch’s U.S. dollar clearing operations.  Under a consent order announced today Mashreqbank must also immediately hire a third-party compliance consultant to oversee and address deficiencies in the branch’s compliance function, including compliance with BSA/AML requirements, federal sanctions laws and New York law and regulations. The bank must also hire a third party “lookback consultant” to conduct a review of the branch’s transaction clearing activity for April 2016 to September 2016, along with other remedial actions. The consent order stems from examinations by DFS and the Federal Reserve Bank of New York (FRBNY).

RegTek.Solutions Wins 2018 Fund Services Award For ‘Best Compliance And Regulatory Solution’

Date 11/10/2018

RegTek.Solutions, the global provider of trade and transaction reporting solutions, is pleased to announce that it has won ‘Best Compliance and Regulatory Solution’ at Investment Week’s 2018 Fund Services Awards. The award recognises their fully-automated MiFIR control solution, providing continuous reporting accuracy and completeness assurance.

IPC Expands Connexus Cloud Bitcoin And Cryptocurrency Market Data Offerings To Include CME CF Cryptocurrency Pricing Products

Date 11/10/2018

IPC, a leading global provider of secure, compliant communications and networking solutions for global financial market participants, will distribute CME CF Bitcoin Reference Rate and Real-Time Index, and the CME CF Ether-Dollar Reference Rate and Real-Time Index from CME Group, the world's leading and most diverse derivatives marketplace. This will be done via IPC’s Connexus Cloud, a high-performance financial markets cloud solution for data, voice, and enterprise communications and compliance.

Demand Derivatives Partners With GMEX Group To Launch A Revolutionary Futures Exchange And Reduced-Risk Blockchain Clearing House

Date 11/10/2018

Demand Derivatives Corp., a creator of novel derivative instruments, and GMEX Group (GMEX), a leading provider of exchange and post-trade business technology solutions, will combine forces to launch a U.S.-regulated futures exchange, RealDemand Board of Trade (“RealBOT”), and clearing house, RealDemand Clearing (“RealClear”).  To further align interests and share in the success of the project, GMEX will take a minority equity stake in Demand Derivatives.

Broadridge Appoints Tom Carey As President Of Global Technology & Operations Segment

Date 11/10/2018

Broadridge Financial Solutions, Inc. (NYSE:BR), an S&P 500 company and global Fintech leader, today announced that Tom Carey has been appointed President of its Global Technology and Operations (GTO) segment. Previously President of Broadridge International, Carey reports directly to Tim Gokey, who will become CEO of Broadridge in January 2019. As President of GTO, Carey will oversee the growth of Broadridge’s core technology business globally across Capital Markets and Wealth and Investment Management. He will continue to serve on Broadridge’s Executive Committee.

MTS Enhances BondVision Platform With New Automation Tools

Date 11/10/2018

• Traders benefit from new automation tools including automated multi-asset RFQ trading
• Platform provides real-time data from 18 interdealer markets

Michael Cole-Fontayn Formally Elected Chairman Of Chartered Institute For Securities & Investment

Date 11/10/2018

The Board of Directors of the Chartered Institute for Securities & Investment (CISI) is delighted to announce that Michael Cole-Fontayn MCSI was elected Chairman at the AGM on 10 October.

Deutsche Börse Group: Business Indicators For September 2018

Date 11/10/2018

LCH SA EquityClear To Further Extend Its Clearing Services To Include Euronext Stocks Traded On Turquoise

Date 11/10/2018

• Will allow customers to benefit from increased operational and cost efficiencies
• LCH SA will offer clearing of main market Euronext stocks traded on Turquoise on a preferred clearing basis
• Service scheduled to go live in Q1 2019

Indonesia And Singapore Strengthen Cooperation In FinTech

Date 11/10/2018

The Monetary Authority of Singapore (MAS) and the Financial Services Authority of the Republic of Indonesia, Otoritas Jasa Keuangan (OJK) today signed a Memorandum of Understanding (MOU) to strengthen cooperation in FinTech and foster innovation in financial services between Indonesia and Singapore.