The Financial Industry Regulatory Authority (FINRA) reports that it has censured and fined Industrial and Commercial Bank of China Financial Services (ICBCFS) $5.3 million for systemic anti-money laundering compliance failures, including its failure to have a “reasonable” AML program in place to monitor and detect suspicious transactions, as well as other violations, including financial, record-keeping… Read More >>
Tackling Corporate Actions via Cloud Computing
For Henry Napier, a vice president overseeing corporate actions processing for The Industrial and Commercial Bank of China Financial Services (ICBCFS), mornings were a little busy because of a system that was essentially manual. “Basically, what we would do in the morning is spend several man hours pulling up internal data,” says Napier, who is… Read More >>
