China Weighs Record Fine for PwC Over Evergrande Audit Work May 30, 2024 By Bloomberg News China is poised to impose a record fine on PricewaterhouseCoopers LLP and suspend some of the global auditor’s local operations...
PwC Lost Five China Clients After Evergrande-Linked Probe May 29, 2024 By Xinyi Luo PricewaterhouseCoopers LLP lost five Chinese clients in May alone, adding to a list of more than a dozen firms its...
Clorox Audit Revealed Cybersecurity Flaws at Its Plants in 2020 March 27, 2024 By Ryan Gallagher and Leslie Patton A few years before a 2023 cyberattack disrupted manufacturing at one of the largest US producers of disinfectants ahead of...
Australia’s Westpac Banking Fined A$113M for Multiple Compliance Breaches April 22, 2022 An Australian court ordered Westpac Banking Corp. to pay A$113 million ($82.92 million) in penalties for multiple compliance failures across...
Dirty Money Worried Swedbank Compliance Officers but Bosses Kept Mum: Documents January 10, 2022 By Niclas Rolander, Aaron Eglitis and Anton Wilen In the summer of 2018, a senior anti money-laundering official at Swedbank AB appeared anxious as he read reports that...
Australia’s Westpac Bank to Pay $80.6M in Penalties, Admits Charging Dead People November 30, 2021 By Adam Haigh Westpac Banking Corp. agreed to pay A$113 million ($80.6 million) in penalties after the Australian regulator alleged the lender had...
Greensill Capital Collapse Exposes Less-Than-Adequate Technological Capabilities March 22, 2021 By Lucca de Paoli Lex Greensill promoted his business as the future of finance, talking up a technology superior to Wall Street rivals that...
Credit Suisse Investors Express Concern About Fallout from Greensill Collapse March 16, 2021 By Brenna Hughes Neghaiwi, Carolyn Cohn and Oliver Hirt ZURICH — Credit Suisse warned it may have to book a charge over its dealings with Greensill, as scrutiny grows...
UK Fines MT Global $32 Million for Money Laundering Breaches January 8, 2021 Britain’s tax authority has slapped a record 23.8 million pound ($32.4 million) fine on MT Global Ltd, a private money...
Norway Bank DNB Faces Fine for Failure to Comply with Money Laundering Rules December 7, 2020 By Stephen Treloar and Frances Schwartzkopff Norway’s biggest bank has been warned that it may be fined 400 million kroner ($45 million) for failing to comply...