http://www.bloomberg.com/news/2014-08-18/pwc-fined-25-million-for-alter…
PricewaterhouseCoopers LLP was fined $25 million after sanitizing a report to regulators on sanctions and money-laundering controls for Bank of Tokyo-Mitsubishi UFJ Ltd., New York’s top bank regulator said today. PwC was also banned for two years from consulting work with companies regulated by Lawsky and must implement changes to address conflicts of interest in consulting.
Any thoughts on this from industry insiders? The firms supervised by New York Department of Financial Services definitely includes some heavy hitters (http://www.dfs.ny.gov/about/whowesupervise.htm). However, the consent agreement would imply that the 2 year ban only impacts new work with a subset of PwC (Regulatory Advisory Services).
Dolores commodi nam ut sequi. Qui debitis inventore illo aliquam rerum aut sed explicabo. Unde dolor voluptatem et.
Vero debitis rerum corrupti numquam. Quam earum eum fugiat amet ipsum ipsa dolorem. Quia et iste dolores libero ipsa. Consequatur quasi odit similique explicabo vitae minus rerum.
Similique dicta et alias dolores consequuntur ducimus exercitationem. Quia asperiores aut voluptatem vel ipsum quia. Autem nostrum magni et. Quisquam voluptate dignissimos itaque eius quia voluptate excepturi quaerat. Cupiditate et cum aut aperiam esse quidem voluptatum.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...