Mizuho Americas, an investment and corporate bank that is part of Tokyo-based Mizuho Financial Group, Inc., has gone live with client onboarding software solutions from vendor Fenergo in an effort to have know your customer (KYC) and anti-money laundering (AML) regulatory processes that can scale along with the firm’s rapid growth. Mizuho Americas officials “examined… Read More >>
Regulators Hit Barclays with $62 Million in Fines
Taken together, Barclays Capital and Barclays Bank will be paying a total of $61,913,453 in penalties to U.S. and U.K. regulators for two past incidents — an inadequate compliance system for wealth management efforts, and a failure to properly protect clients’ custody assets. In the U.S., Barclays Capital is paying a $15 million penalty to… Read More >>
