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Midweek Roundup: New York to Hold Compliance Staff Accountable, EU Targets Foreign Terrorist Fighters, and More
printThe New York State Department of Financial Services proposed a regulation that would require chief compliance officers at banks, money transmitters and check cashers to annually certify that the anti-money laundering (AML) programs of their employers are effective. More A senior official at the Hong Kong regulator investigating whether J.P. Morgan Chase's hiring practices in Asia constitute bribery recommended his son for an internship at the bank, The Wall Street Journal reported, citing an internal bank document. U.S. officials are also investigating whether the hiring program violated the Foreign Corrupt Practices Act. More New York federal jurors found former state...
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German authorities raided the headquarters of the country's top football association in Frankfurt, regulators in the Netherlands and Dubai have fined Dutch bank ABN Amro $625,000 and $640,000 respectively, and more, in the midweek roundup.
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