Introduction: What is Corporate Compliance? Compliance is the act of ensuring that a company follows the law. This includes all laws, regulations, and policies that are relevant to the company. Compliance is a broad concept that takes into account many different areas of business. It includes everything from ethical behavior to regulatory compliance. Compliance is …
Major Canadian bank, Bank of Nova Scotia, has been fined US$127,000,000(!!!) for compliance failures. Massive Canadian bank news!! Bank of Nova Scotia fined record US$127,000,000 by US CFTC just now for spoofing, and compliance failures related to its trading at global trading desks. 3 separate order of enforcement by US government. https://t.co/xbdlSAz5wA — Christine Duhaime …
The job market is in the dumps for most of 2020, but if you want to work for a bank, looks like compliance jobs are experiencing a surge. (Luckily, we got you covered there in case you want to move into compliance). The question is, with the current issues Hong Kong faces, how attractive is …
What is money laundering? Money laundering is the introduction of illegally obtained money into the banking system, or using the banking system to illegally hide legitimate currency. Currency that was lawfully obtained, use of this is in areas like tax evasion. So to repeat, there are two sources of money laundering: 1) Is taking illegal …
Anti-Money Laundering Compliance: What You Need to Know Read More »
Approximately 90,000 Canadian’s personal details are being held at ransom by hackers. [Read more]