Regulatory Compliance for Financial Institutions – Industry News

  BNP Paribas hires ex-U.S.Treasury official for compliance job BNP Paribas has hired a former top official at the U.S. Treasury Department’s sanctions office, people familiar with the matter said, part of the French bank’s effort to build up its compliance department after its record settlement over sanctions violations. Sean Thornton, a former chief counsel…

Anti-Money Laundering – Industry News

Canada’s FINTRAC Imposes Fine on Questrade for Serious AML Breaches Canada’s financial watchdog that supervises money laundering and terrorist financing has issued details of violations committed by a Canadian regulated broker dealer. Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), a government organization that reports to Canada’s ministry of finance, has found Questrade, a…