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New York State Department Of Financial Services Announces Deutsche Bank To Pay $258 Million, Install Independent Monitor, Terminate Employees For Transactions On Behalf Of Iran, Syria, Sudan, Other Sanctioned Entities - Deutsche Bank Created “OFAC-Safe” Payment Processing Schemes To Evade U.S. Treasury Office Of Foreign Asset Control (OFAC) Sanctions - Deutsche Bank Employee Email: “Let’s Not Revert To The Client In Writing Due To The Reputational Risk Involved If The E-Mail Goes To Wrong Places. Someone Should Call [The Client] And Tell Them Orally And Ensure That The Conversation Is Not Taped. . . . Let’s Also Keep This E-Mail Strictly On A ‘Need-Know’ Basis, No Need To Spread The News…What We Do Under OFAC Scenarios”

Date 04/11/2015

Anthony J. Albanese, Acting Superintendent of Financial Services, today announced that Deutsche Bank will pay $258 million and install an independent monitor for New York Banking Law violations in connection with transactions on behalf of countries and entities subject to U.S. sanctions, including Iran, Libya, Syria, Burma, and Sudan. Additionally, while several of the employees who were centrally involved in this misconduct no longer work at the Bank, Deutsche Bank will take action to terminate an additional six employees involved in the scheme who currently remain employed by the Bank; and ban three other employees from any duties involving the firm’s U.S. operations. The overall $258 million penalty Deutsche Bank will pay includes $200 million to the New York State Department of Financial Services (NYDFS) and $58 million to the Federal Reserve.
CFTC Swaps Report Update

Date 04/11/2015

CFTC's Weekly Swaps Report has been updated, and is now available.
SEC Announces Whistleblower Award Of More Than $325,000

Date 04/11/2015

The Securities and Exchange Commission today announced a whistleblower award totaling more than $325,000 for a former investment firm employee who tipped the agency with specific information that enabled enforcement staff to open an investigation and uncover the extent of the fraudulent activity.
Looking Ahead - Closing Remarks At The ECB Forum On Banking Supervision - Closing Remarks By Sabine Lautenschläger, Member Of The Executive Board Of The ECB And Vice-Chair Of The Supervisory Board Of The Single Supervisory Mechanism, At The SSM Banking Supervision Forum, 4 November 2015

Date 04/11/2015

Let me close this conference by making a few remarks on the political climate in which regulators and supervisors are working and which the previous panel discussed. And while today is certainly a day for celebration, I also want to mention one major challenge the SSM is facing in the years to come.
SEC Identifies More Alleged Corrupt Brokers In Stock Manipulation Case

Date 04/11/2015

The Securities and Exchange Commission today announced it has identified three additional individuals to charge in a penny stock manipulation case the agency filed last year against alleged corrupt brokers and others.

Federal Reserve Board Announces Civil Money Penalty And Issues Cease And Desist Order Against Deutsche Bank AG

Date 04/11/2015

The Federal Reserve Board on Wednesday announced a $58 million penalty and consent cease and desist order against Deutsche Bank AG, of Frankfurt, Germany, related to violations of U.S. sanctions. The order requires Deutsche Bank to implement an enhanced program to ensure global compliance with U.S. sanctions administered by the U.S. Department of Treasury's Office of Foreign Assets Control.
Dubai Financial Services Authority Fines ABN AMRO For Anti-Money Laundering Deficiencies

Date 04/11/2015

The Dubai Financial Services Authority (DFSA) has imposed a fine of USD 640,000 (AED 2,350,720) on ABN AMRO Bank N.V. DIFC Branch (ABN).
EBRD: Key Government Role Seen For Southern And Eastern Mediterranean Capital Market Development

Date 04/11/2015

Government engagement and political leadership have a key role to play in the development of capital markets in the southern and eastern Mediterranean region, according to a new report from the European Bank for Reconstruction and Development and the Arab Monetary Fund (AMF).
2015 National Society Of Compliance Professionals, National Conference: Keynote Address, Andrew Ceresney, Director, SEC Division Of Enforcement, Washington, D.C., Nov. 4, 2015

Date 04/11/2015

Good morning. Thank you for inviting me to speak to you today. Before I begin my remarks, let me give the necessary disclaimer that the views I express here today are my own and do not necessarily represent the views of the Commission or its staff.
EBA Finds Further Increase In EU Banks Capital Ratios In 2015

Date 04/11/2015

In its risk dashboard for the EU banking sector published today, the European Banking Authority (EBA) gives an overview of the health of EU banks for the second quarter of 2015. While capital ratios have increased, the quality of loan portfolios remains weak, but EU banks profitability has increased compared to 2014. The EBA risk dashboard summarises the main risks and vulnerabilities in the banking sector on the basis of the evolution of a set of key risk indicators across the EU.