Business
JPMorgan faces record 45-million-euro fine from German watchdog over money-laundering lapses
The lender says the fine concerns past issues and that delays in SAR filings did not hinder probes Germany’s financial watchdog BaFin has…
Tag
Lapses
Business
JPMorgan hit with record 45-million-euro fine from German watchdog over money-laundering lapses
The lender says the fine concerns past issues and that delays in SAR filings did not hinder probes Germany’s financial watchdog BaFin has…
Unsorted
Directors at beverage distributor Ascent Bridge quit, citing governance lapses; board rejects claims
A requisition for an extraordinary general meeting to oust these directors has been withdrawn A boardroom battle at Ascent Bridge has…
Business
Cordlife Group faces one-year suspension over cord-blood banking service lapses
This is the latest setback for the company following its mishandling of cord-blood units in 2023 Cordlife Group has been served a notice…
News
Air India audit finds 51 safety lapses, from unapproved simulators to training gaps
India’s aviation watchdog found 51 safety lapses at Air India in its July audit, including lack of adequate training for some pilots, use…
News
Air India warned by regulator over 'systemic' lapses in fatigue management and training
Air India has been warned by India’s aviation regulator that it could face enforcement action for breaching safety standards related to…
Business
UK fines Barclays US$56 million for lapses in financial crime control
It failed to evaluate money laundering risks while providing services to its clients Stunt & Co and WealthTek Britain’s financial…
Business
MAS scrutinises some VCC managers after review finds potential regulatory lapses
The Monetary Authority of Singapore (MAS) is looking more closely into certain variable capital companies (VCC) managers, after its review…
Business
MAS fines 5 payment firms S$960,000 for anti-money laundering lapses
The Monetary Authority of Singapore (MAS) has fined five major payment institutions a total of S$960,000 for breaches of its anti-money…
Business
Partial offer for Cordlife lapses with Thai-listed Medeze obtaining less than 1% stake
An independent financial adviser had earlier deemed the offer unfair and unreasonable A partial offer for a 10 per cent stake in Cordlife…
Business
Property tycoon Gordon Tang and wife’s takeover bid of Suntec Reit lapses without fulfilling 50% threshold
PROPERTY tycoon Gordon Tang and his wife Celine have failed to take over Suntec Real Estate Investment Trust (Reit), as their shareholding…