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...In March Gunvor pleaded guilty to US charges and agreed to pay more than $660mn in fines and forfeited profits over bribery to obtain oil contracts in Ecuador....
...This data excludes contracts made directly with private companies....
...The fund, Hunterbrook Capital, places trades based on scoops uncovered by reporters at the newsroom, Hunterbrook Media, which is separated by a layer of compliance....
...The company counts four US activist hedge funds among its top-20 shareholders, including Corvex Management and Eminence Capital, and last week granted Eminence’s founder Ricky Sandler a board seat....
...In 2021, Boeing admitted wrongdoing in two fatal crashes, but the department agreed to ask the court to dismiss the case in three years if the company paid $2.5bn and operated a compliance programme....
...Thames Water’s shareholders, including pension funds Omers and USS as well as the Chinese and Abu Dhabi sovereign wealth funds, last month said that conditions imposed by Ofwat had made the company “uninvestable...
...Carine Smith Ihenacho, the fund’s chief governance and compliance officer, said: “We are concerned with anything that takes away shareholder rights . . ....
...Jupiter’s compliance department blocked its investment team from holding a cryptocurrency exchange traded product in one of its Irish Ucits funds, highlighting divergent regulatory approaches in the EU....
...and hedge funds....
...But there appears to be growing bipartisan support for probing investors’ compliance with passivity agreements....
...McKernan sought to set up an FDIC-run compliance programme for large index fund managers that say they are seeking to be “passive” investors in FDIC-supervised banks....
...In August 2016, Stifel brokers’ compliance departments discovered that the products were being recommended beyond their intended holding period, the order stated....
...Gunvor said the relevant conduct began in 2011 and that the company had since taken steps to improve its internal compliance functions....
...Quant managers regularly adjust the derivatives contracts they hold to increase or decrease the size of their bets....
...The move in the Budget represented a raid on a core Labour policy that Reeves intended to use to fund spending plans....
...All have pledged to improve compliance. Compliance officers are now “an integral part of the decision-making process”, Weir said. “My first question is [always] ‘Have you spoken to compliance?’...
...Both Blackstone and HSM have said they will defend this right legally, effectively warning against any attempt to rip up the management contract....
...A record bullish position of 324,857 contracts was hit earlier this month, according to Bloomberg data going back to 2015....
...The government said it will suspend $24mn of the civil penalty if Boeing uses the funds to strengthen its compliance programme....
...Speculative traders have amassed an $8.7bn bet across London and New York cocoa futures contracts that prices will continue to rise, the largest ever in dollar terms, according to positioning data from the...
...This led shareholders to decide against the continuance of the fund in a vote last year, sparking a strategic review by a new board and ultimately Thursday’s agreement to sell the fund to US rival Concord...
...Americans eager to invest in bitcoin can now do so via highly regulated products, rather than having to buy bitcoin directly on offshore crypto exchanges that have controversial compliance histories....
...conduct we expect from every employee,” Jeremy Weir, Trafigura’s executive chair and chief executive, said in a statement, adding he was “pleased the DoJ recognised the steps we have taken to invest in our compliance...
...Solaris’s struggle to raise funds has raised doubts over the German start-up’s ability to execute a major credit card contract for Europe’s largest motorists association, in the latest sign of trouble in...
...“Gambling has been an obvious avenue for crooks to launder their funds quite effectively,” he said....
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