The Financial Services Authority has fined Habib Bank AG Zurich £525,000 and its MLRO £17,500 for anti-money laundering control failings. The FSA press release is here and the Final Notices are here (Habib) and here (Mr Hussain, the MLRO).
read more »
15 May 2012
FSA fines Habib Bank £525,000 and its money laundering reporting officer £17,500 for control failings
15 May 2012
Failures of common sense cause three board directors to leave US companies
The CFO of Francesca’s Holding Corp. has been removed after using Facebook and Twitter to disclose potentially price sensitive information. Apparently he thought he was being amusing.
The CEO of Best Buy left just before it emerged that the company had been investigating his “intense” relationship with a junior employee. Now the cover-up has caused the Chairman to go as well. (The Daily Mail gets to the heart of the matter in its inimitable style.)
And the CEO of Yahoo left after a hedge fund pointed out that his CV claimed he had a degree he hadn’t got.
15 May 2012
Impact of the Eurozone crisis on UK business: ICAEW survey
The ICAEW has published the results of a survey of 508 ICAEW members working in commercial businesses on “the impact of the Eurozone crisis on UK business”. The survey is here and an accompanying ICAEW blog post here. Amongst the findings:
read more »
